Algerian fuel reserve enough for 40 years ahead – minister

ALGIERS, Dec 24 (KUNA) — Algerian Energy and Mines Minister Shakib Khalil said Monday that Algeria’s fuel reserve would last for 40 years ahead, revealing that there was more than 1.5 million square kilometers of Algerian lands contained oil and natural gas reserves.

Speaking to the press, Khalil stated that news regarding the lack reserve were not true, affirming that oil excavation projects in the country continued to prove that Algeria still has fuel.


On new projects, the minister revealed that the construction of a natural gas liquefying factory would end by 2010, saying that the factory is to produce 5.4 billion cubic meters of gas.

He went on saying that the national production for 2007 reached over one million barrel per day, adding that future plans would try and boost production to almost a two million barrel per day by 2013.

KUNA