Algeria’s oil reserves are around 1,340 million tonnes, or 10 billion barrels, said energy minister Mohamed Arkab when he appeared on the program. Editorial guest »From channel 3 of National Radio.
Indeed, “with a mining area of about 1,500 square kilometers, dotted with wells not yet equipped, the country has the capacity to impose itself on the world energy market”, and “at this rate, we still have 27 years production, “said the Minister.
In addition to oil reserves, Algeria has “natural gas deposits containing about 2368 billion cubic meters”. Added to this is “260 million tonnes of condensate,” he adds. Stressing that “we can summarize everything in oil equivalent to 4.1 billion tonnes of oil”.
On a question about these figures released for the first time, and why have waited until now to make them known to public opinion, Arkab believes that “Algerians must know the oil reserves of their country”. And this “in a vision of transparency”.
Editing of Algeria360