VOL.XL

No.10

10-March-1997

ALGERIA

AlgerianOil Production Capacity To Rise To 1.4Mn B/D In 2000

Algerianhydrocarbon reserves at end-1996 exceeded 9bn tons (around 6.9bn barrels) ofcrude oil and 5 trillion cubic meters (176 trillion cubic feet) of natural gas,Energy and Mines Minister Ammar Makhloufi told a press conference held inAlgiers on 23 February. Mr. Makhloufi added that proven and probable reservesdiscovered during 1996 totaled 168mn tons of oil equivalent, and that 10 fieldswere...