Investment in oil-rich countries: case of Algeria, by Fidan Aliyeva - 0 views
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Leonardo Gottems on 28 Mar 12Algeria is holding 8th place as world's largest producer of natural gas reserves and 3rd largest supplier to Europe. It is the third largest holder of oil proven reserves in Africa as of January 2012, behind Libya and Nigeria, and second largest holder of natural gas proven reserves after Nigeria. (Oil and Gas Journal). Algeria is a member of Organisation of the Petroleum Exporting Countries (OPEC). The country's hydrocarbons sector accounted for 60% of its budget revenues, 36% of its GDP and over 97% of its export earning in 2010 (US State Department). (US Energy Information Administration).