EIA Country Briefs for Algeria, Egypt, and Sudan

Notes from EIA Country Briefs Algeria -Member of OPEC -Economy is heavily reliant on hydrocarbon sector -6th largest global exporter of LNG (2nd largest in OPEC) (exports 70% of its supply, ore 1.9 million barrels) -¼ of its exports goes to the US -14th highest global oil producer, 4th largest in Africa -Has 12.2 billion barrels of proven oil reserves, produces 2,229 thousand bbl/d (Jan 09) -Nationalized oil and gas (Sonatrach), but allows FDI (but Sonatrach has at least 51% share of every contract) -Maintaining and developing new fields: goal to continue current production levels -2009: refining capacity of 450,000 bbl/d Egypt -Proven oil reserves at 4.4 billion barrels (Jan, 2011) -Production has declined from 1996 peak of 935,000bbl/d to current 660,000 bbl/d. Offsetting this by developing its natural gas sector (expected to be the country’s driver of growth) -A net importer, but exported 145,000 bbl/d crude oil in 2010. -Government planning to slowly lift subsidized prices and target subsidies more effectively to reduce domestic demand -Suez Canal (plans for expansion as cannot accommodate larger tankers) and Sumed Pipeline (capacity of 2.3 million bbl/d, joint ownership by Egypt, Kuwaiti, and Abu Dhabi, and Saudi Arabian companies) Fees collected are a significant source of government income) -Largest oil refining capabilities in Africa: imports, refines, and exports non-Egyptian crudes -Egyptian General Petroleum Corporation (EGPC) state entity in charge of infrastructure, licensing, and production. -Energy sector divided into three companies. Tunisia (no analysis available) -Produces 86,000 bbl/day of oil -Produces 105,000 bcf of natural gas Sudan -Most of its oil is produced in the south but its pipeline, refining, and export infrastructure is located in the north. The Abyei region, on the north/south border, is a significant oil producing area. It was given special autonomy in the 2005 Comprehensive Peace Agreement (CPA), and has not yet voted in the 2011 referendum for Southern independence. Oil sharing negotiations have begun, but violent clashes in the region may derail them. -Oil exports are 90% of total export revenues. For South Sudan it represents 98% of total revenues and 56% for Northern Sudan. -Natural gas has been discovered, but have not yet been confirmed as commercially viable -Conflicts and (US)sanctions prevent further development -Total oil production is 480,790 bbl/d -Foreign investments from China, India, and Malaysia compliment low domestic investment in development. Practically all of Sudan’s oil exports go to Asia.