Business in Algeria. Algerian economy Foreign Trade Export Algiers

Summary

Located on the south corner of the Mediterranean, Algeria, part of the Great Arab Maghreb, is the tenth largest country in the world, the second in Africa and the first in the Mediterranean region. Religion in Algeria is Sunni (Islam).

Algeria is a member of the United Nations, African Union and Arab League since virtually its independence in 1962, OPEC since 1969 and the Arab Maghreb Union since 1989. Is beneficiary of the Cotonou Agreement (European Union).

Algeria is one of the richest countries in Africa. Algeria has enormous natural resources, including hydrocarbures, where it occupies the 15th place in terms of oil reserves (45 billion tons oil equivalent in proven reserves in oil), 18th in terms of production and 12th in exports. Its refining capacity can reach 22 million tonnes / year.

Algeria is third largest oil producer in Africa behind Nigeria and Libya and is the leading African producer of gas (more than 50% of gas production in Africa).

Algeria has the first African company in the energy, ranking 12th in the world in its field, Sonatrach, which handles the distribution of electricity and gas.

Algiers is the first commercial and economic center in Algeria and the only major financial hub of the country.

SAIDAL is a corporation (capital of 2,500,000,000 Algerian dinars), whose primary mission is to develop, produce and market pharmaceutical products.

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Business, Algeria, Algerian, economy, Foreign Trade, Algiers, Export, Doing Business, Imports, Association, Agreement, European Union, Case study, SONATRAC, Groupe Saidal, SNVI