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Hebei Ladery Import & Export Co., Ltd. [Hebei,China] Business Type:Manufacturer , Trade Company Main Markets: Africa , Asia , Caribbean , East Europe , Europe , Middle East , North Europe , Oceania , Other Markets , West Europe , Worldwide Exporter:61% - 70% Certs:ISO9001, CE

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Home > Industry News > Algeria has announced the discovery of a new oil field estimated to hold 151 million barrels of oil

Algeria has announced the discovery of a new oil field estimated to hold 151 million barrels of oil

2022-08-26

Algeria's national Oil Company announced on August 24 local time that it has discovered a new oil field with estimated reserves of 151 million barrels in the Siba region of Adrar province in southern Afghanistan, CCTV News reported.

Algeria is a member of Opec and its oil and gas industry is the backbone of its economy. At present, the country's proven oil reserves are about 1.7 billion tons, accounting for 1% of the world's total reserves, ranking the 15th in the world, and natural gas reserves ranking the 10th in the world.

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