Market Size of Algeria Oil and Gas Downstream Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | < 2.33 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Algeria Oil and Gas Downstream Market Analysis
The Algeria oil and gas downstream market is expected to grow at a CAGR of less than 2.33% during the forecast period of 2020 - 2025. Factors such as increasing demand for oil and natural gas and rising investment in refineries are expected to boost the demand for the Algeria oil and gas downstream market during the forecast period. However, decreasing production of oil and gas is expected to impede the growth in the market.
- Algeria has only a few refineries in the country, in 2019, and therefore it is pushing for rapid expansion in the refinery business to reduce its dependence on refined oil imports. Thereby increasing the refining capacity of the country.
- Sizeable natural gas discoveries have been made, in 2019, in southwestern Algeria that is expected to have a capacity to produce some 275 cubic meters of gas and approximately 300 liters of condensate per hour. This could become an opportunity for the new refineries that are expected to process the heavy crude oil.
- Increasing investment in the oil and gas downstream sector, through restoration, expansion and construction of refineries is expected to boost demand in the sector
Algeria Oil and Gas Downstream Industry Segmentation
The Algeria oil and gas downstream market report include:
| Refineries | |||||
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| Petrochemicals Plants | |||||
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Algeria Oil and Gas Downstream Market Size Summary
The Algeria oil and gas downstream market is poised for modest growth, driven by increasing demand for oil and natural gas and heightened investments in refinery infrastructure. The government's push to expand refinery capacity aims to reduce reliance on imported refined oil, leveraging the country's high-quality light crude oil. Despite challenges such as declining oil and gas production, the market is supported by significant natural gas discoveries and ongoing projects like the Sonatrach Hassi Messaoud refinery, which is expected to enhance refining capacity. The market's growth trajectory is further bolstered by the restoration and expansion of existing refineries, underscoring the sector's strategic importance to Algeria's energy landscape.
The market landscape is characterized by the dominance of key players such as Sonatrach SA, Total S.A., and China National Petroleum Corporation, among others. These companies are actively involved in various projects aimed at increasing production and refining capabilities. The government's focus on the downstream sector is evident in initiatives to boost refinery throughput and meet rising domestic consumption of oil and gas. Collaborative efforts, such as those between Sonatrach and international engineering firms, highlight the ongoing commitment to enhancing Algeria's oil and gas infrastructure. As a result, the Algeria oil and gas downstream market is expected to experience slight growth, driven by increased consumption and strategic investments in the sector.
Algeria Oil and Gas Downstream Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Refining Capacity Installed and Forecast, in thousand barrels per day, till 2025
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 PESTLE Analysis
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2. MARKET SEGMENTATION
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2.1 Refineries
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2.1.1 Overview
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2.1.1.1 Existing Infrastructure
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2.1.1.2 Projects in pipeline
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2.1.1.3 Upcoming projects
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2.2 Petrochemicals Plants
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2.2.1 Overview
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2.2.1.1 Existing Infrastructure
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2.2.1.2 Projects in pipeline
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2.2.1.3 Upcoming projects
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Algeria Oil and Gas Downstream Market Size FAQs
What is the current Algeria Oil and Gas Downstream Market size?
The Algeria Oil and Gas Downstream Market is projected to register a CAGR of less than 2.33% during the forecast period (2024-2029)
Who are the key players in Algeria Oil and Gas Downstream Market?
China National Petroleum Corporation, Total S.A., Tecnicas Reunidas S.A., Sonatrach SA and Samsung Engineering Co., Ltd. are the major companies operating in the Algeria Oil and Gas Downstream Market.
