阿尔及利亚石油工业行业市场前景及投资研究报告-外文版培训课件2024.7temu

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MARKETSOilindustryinAlgeriaCHAPTER

01GlobaloverviewProvedcrudeoilreservesworldwideinselectyearsfrom1960to2023(inbillionbarrels)Globalcrudeoilreserves1960-20231,8001,6001,4001,2001,00080060040020001960

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20234Description:Theworldholdsaround1.57trillionbarrelsinprovedcrudeoilreservesasof2023.Thisisexcludingoilsands.Since1960,therehasbeenamarkedincreaseinoilreserves,especiallyinthedecadebetween1960and1970.

ReadmoreNote(s):Worldwide;1960to2023Source(s):OPECOilproductionworldwidefrom1998to2023(inmillionmetrictons)Globaloilproduction1998-20235,0004,5004,0003,5003,0002,5002,0001,5001,00050001998

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20235Description:In2023,globalcrudeoilproductionamountedtoapproximately4.5billionmetrictons.Thiswasthelargestamountthathadeverbeenproducedandnearlyonebillionmetrictonsmorethanoilproducedin1998.

ReadmoreNote(s):Worldwide;1998to2023Source(s):EnergyInstitute;Kearney;KPMGRefinerycapacityforcrudeoilworldwidefrom1970to2023(in1,000barrelsperday)Globaloilrefinerycapacity1970-2023120,000100,00080,00060,00040,00020,00001970

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20236Description:In2023,theworld'soilrefinerycapacityreached103.5millionbarrelsperday.Overall,globalrefinerycapacityhasnearlydoubledinthepastfiftyyearsandexperiencedthelargestgrowthduringthe1970s.

ReadmoreNote(s):Worldwide;1970to2023Source(s):EnergyInstitute;ICIS;Kearney;KPMGOilconsumptionworldwidefrom1970to2023(inmillionmetrictons)Globaloilconsumption1970-20235,0004,5004,0003,5003,0002,5002,0001,5001,00050007Description:Theconsumptionofoilhassteadilyincreasedoverthelastthreedecades,totaling4.53billionmetrictonsin2023,comparedto4.42billionmetrictonsconsumedthepreviousyear.Theonlydeclineduringthisperiodwasobservedaroundthe2008-2009financialcrisisandaroundthe2020coronaviruspandemic.ReadmoreNote(s):Worldwide;1970to2023Source(s):EnergyInstitute;Kearney;KPMGCHAPTER

02AfricaoverviewProvedcrudeoilreservesinAfricafrom2010to2021(inbillionbarrels)ProvedcrudeoilreservesinAfrica2010-2021140128.8128127.9127.3128127.1124.6125.3125.8125.3124119.51201008060402002010201120122013201420152016201720182019202020219Description:In2021,crudeoilreservesinAfricaamountedto125.3billionbarrels.Theoilproductioninthecontinentreachednearly7.3millionbarrelsperdayasof2021.ReadmoreNote(s):2010to2021;crudeoilincludingleasecondensateSource(s):EIAProvedcrudeoilreservesinAfricain2021,bycountry(inbillionbarrels)ProvedcrudeoilreservesinAfricabymaincountries2021Oilreservesinbillionbarrels0510152025303540455055LibyaNigeria48.3636.89Algeria12.2Angola7.78SouthSudanEgyptCongo-BrazzavilleUganda3.753.32.882.5Gabon2Chad1.5SudanEquatorialGuineaGhana1.251.10.6610Description:LibyawastherichestcountryinoilinAfricaasof2021,accumulating48.4billionbarrelsofprovedreserves.Nigeriafollowedwithreservesof36.9billionbarrelsofcrudeoil,whileAlgeria’sreservessummedupto12.2billionbarrels.Thatsameyear,totalcrudeoilreservesinAfricastoodat125.3billionbarrels.ReadmoreNote(s):2021;crudeoilincludingleasecondensateSource(s):EIAActiveoilandgasrigsinAfricainMarch2024,bycountryActiveoilandgasrigsinAfrica2024,bycountryNumberofrigs051015202530354045AlgeriaLibya4220NigeriaGabonAngolaNamibiaChad1954433KenyaEthiopiaCongoTunisiaDjiboutiUganda2222211Description:AlgeriahousedthehighestnumberofactiveoilandnaturalgasrigsinAfricaasofMarch2024.Therewere42rigsactiveinthecountry.Libyafollowedwith20rigs.ꢀOilrigs,oroilplatforms,arestructuresusedforoilandnaturalgasdrilling.

ReadmoreNote(s):Africa;March2024Source(s):BakerHughesOilproductioninAfricaasof2023,bycountry(inmillionmetrictons)LeadingoilproducingcountriesinAfrica2023Productioninmillionmetrictons050100150200250300350400NigeriaAlgeria73.960.459.7LibyaAngola55.8Egypt29.8RepublicofCongoGabon14.211.17.3SouthSudanChad7EquatorialGuineaSudan42.81.7TunisiaOther13.7Total341.512Description:NigeriawastheleadingoilproducerinAfricaasof2023.Oilproductionamountedtoroughly74millionmetrictonsinthecountry.Algeria,Libya,andAngolafollowed,eachwithanoutputabove55millionmetrictons.Inthesameyear,theoverallproductionofoilinAfrica,includingcrudeoil,shaleoil,oilsands,andNGLs,reached341.5millionmetrictons,2.4percentmorethanin2022.ꢀMainproducers,mainexportersWhilebeingthemainoilproducerinAfrica,Nigeriawasalsothelargest[...]

ReadmoreNote(s):Africa;2023Source(s):EnergyInstitute;Kearney;KPMGOilrefinerycapacityinselectedAfricancountriesin2022(in1,000barrelspercalendarday)OilrefinerycapacityinAfricancountries2022Refinerycapacityinthousandbarrelspercalendarday0100200300400500600700800900EgyptAlgeria833677Libya634Nigeria486SouthAfricaAngola21080Gabon25Congo2113Description:In2022,EgypthadthelargestoilrefinerycapacityamongtheAfricancountries,correspondingto833thousandbarrelspercalendarday.AlgeriaandLibyafollowedwitharefinerycapacityof677thousandand634thousandbarrelspercalendarday,respectively.ReadmoreNote(s):Africa;2022Source(s):OPECExportvolumeofpetroleumproductsfromAfricain2022,bycountry(in1,000barrelsperday)ExportvolumeofpetroleumproductsbycountryinAfrica2022Exportvolumeinthousandbarrelsperday200

3000100400500600AlgeriaLibya50999Egypt49AngolaGabonCongoNigeriaOthers22105012714Description:AlgerialedintheexportofpetroleumproductsinAfricaasof2022.Thecountryexportedaround509,000barrelsofpetroleumproductsperday.Libyafollowed,withanexportlevelofnearly100,000barrelsdaily.Overall,Africaexportednearly822,000barrelsofpetroleumproductsperdayin2022.Incontrast,theexportofcrudeoilfromthecontinentamountedtoapproximately4.8millionbarrelsperday.ReadmoreNote(s):Africa;2022Source(s):OPECCHAPTER

03EconomiccontributionOilrentsasapercentageofGrossDomesticProduct(GDP)inAlgeriafrom2002to2021OilrentsasashareofGDPinAlgeria2002-202135%30%25%20%15%10%5%2002

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202116Description:In2021,theaverageshareofGDPgeneratedfromoilrentsinAlgeriaincreasedby5.4percentagepoints(+59.73percent)since2020.Thiswasasignificantincreaseintheaverageshare.

ReadmoreNote(s):Algeria;2002to2021Source(s):WorldBankDistributionofthegrossdomesticproduct(GDP)inAlgeriain2019,byeconomicactivityDistributionoftheGDPinAlgeria2019,byeconomicactivityShareofGDP8%

10%0%2%4%6%12%14%16%18%20%HydrocarbonsSocialservicesTrade19%15%12%AgricultureConstructionTransportsTaxes12%12%11%8%Industry6%Finance4%Other1%17Description:In2019,hydrocarbonsrepresentedtheleadingeconomicactivityintermsofgrossdomesticproduct(GDP)contributioninAlgeria,withashareof19percent.Socialservicesfollowedat15percent.Moreover,thetrade,agriculture,andconstructionsectorscontributed12percenttothecountry'sGDPeach.ReadmoreNote(s):Algeria;2019Source(s):UnitedNationsContributionvalueofthehydrocarbonsectortotheGrossDomesticProduct(GDP)inAlgeriafrom1stquarter2019to3rdquarter2022(inbillionAlgeriandinars)ContributionvalueofhydrocarbonstoGDPinAlgeriaQ12019-Q320223,0002,5002,0001,5001,0005000Q12019

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Q3202218Description:Inthethirdquarterof2022,thehydrocarbonsectorinAlgeriacontributedaround2.5trillionAlgeriandinars(approximately18billionU.S.dollars)totheGDP,representingapeakintheperiodconsidered.From2019onwards,thevalueaddedbythissectorfluctuated,decreasingconsiderablyduringthecoronavirus(COVID-19)outbreakinthesecondquarterof2020.ReadmoreNote(s):Algeria;Q12019toQ32022;GDPincurrentpricesSource(s):NationalOfficeofStatisticsAlgeriaValueoftheleadingproductsexportedfromAlgeriafrom2019to2022(inmillionU.S.dollars)ValueoftheleadingproductsexportedfromAlgeria2019-2022ValueofexportsinmillionU.S.dollars2022

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30,000010,00040,00050,00060,00070,00058,200MineralfuelsincludingoilFertilizers18,70032,500201901.5850.1160400.4501.6InorganicchemicalsSugarandconfectioneryFruits,nuts100216.362.5591.7137.4102.2116.8125.1137.2Salt,sulphur,stone,andcementIronandsteel8253.1129.276.348.476MachineryincludingcomputersOrganicchemicalsFish75.337.837.973.329.828.419Description:In2022,mineralfuelsincludingoilweretheleadingproductsexportedfromAlgeria,withanexportvalueof58.2billionU.S.dollars.Yet,theexporttradeincreasedsignificantlycomparedtothepreviousyear,arecoveryfromtheCOVID-19pandemic.OthermainproductsexportedfromAlgeriawerefertilizersandinorganicchemicals.ReadmoreNote(s):Africa,Algeria;2019,2020,and2022Source(s):WTExCHAPTER

04ExplorationandproductionProvencrudeoilreservesinAlgeriafrom2000to2022(inbillionbarrels)CrudeoilreservesinAlgeria2000-2022141210864202000

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202221Description:In2022,theprovencrudeoilreservesinAlgeriaamountedto12.2billionbarrels,remainingstablesince2006.Withintheperiodexamined,crudeoilreservesinthecountrypeakedat12.27billionbarrelsin2005.

ReadmoreNote(s):Algeria;2000to2022Source(s):OPECNumberofcrudeoilrigsinAlgeriafromMarch2020toFebruary2023CrudeoilrigsinAlgeria2020-202330282726242425201510523222120181615022Description:InFebruary2023,Algeriahad25crudeoilrigs.Thenumberdecreasedcomparedtothepreviousmonth,whenitstoodat26.AlgeriahadthehighestnumberofactiveoilrigsinAfricainrecentyears.

ReadmoreNote(s):Algeria;March2020toFebruary2023Source(s):BakerHughes;TradingEconomicsNumberofoilwellscompletedinAlgeriafrom2010to2022OilwellscompletedinAlgeria2010-2022350300250200150100503322922772652582582492502151911601491130201020112012201320142015201620172018201920202021202223Description:In2022,atotalof149oilwellswerecompletedinAlgeria,increasingcomparedtothepreviousyear.Withintheperiodexamined,thenumberofoilwellscompletedinthecountrypeakedat332in2017,whileitdeclinedinthefollowingyears.Afterbeingdrilled,completedoilwellsenableoilandgasproduction.ReadmoreNote(s):Algeria;2010to2022Source(s):OPECOilproductioninAlgeriafrom1998to2023(in1,000barrelsperday)OilproductioninAlgeria1998-20232,5002,0001,5001,00050001998

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202324Description:In2023,theoilproductioninAlgeriaamountedtoaround1.41millionbarrelsperday,adecreasewhencomparedtothepreviousyear.Nevertheless,between1998and2022,figuresdecreasedbyover53thousandbarrelsperday,peakingatnearlytwomillionbarrelsperdayin2007.AlgeriaisamongAfrica'slargestoilproducers.ReadmoreNote(s):Algeria;1998to2023Source(s):EnergyInstitute;Kearney;KPMGCHAPTER

05RefiningOilrefinerycapacityinAlgeriafrom2010to2022(in1,000barrelspercalendarday)OilrefinerycapacityinAlgeria2010-20228007006776776776576576516516516516515925925926005004003002001000201020112012201320142015201620172018201920202021202226Description:In2022,Algeriahadatotaloilrefinerycapacityof677,000barrelspercalendarday.Thiswasthesameastheyearbefore,andthehighestcapacityfortheyearsunderreview.Furthermore,in2020,Algeriahadthesecond-highestrefinerycapacityontheAfricancontinentafterEgypt.ReadmoreNote(s):Algeria;2010to2022Source(s):OPECOilrefinerythroughputinAlgeriafrom2010to2022(in1,000barrelspercalendarday)OilrefinerythroughputinAlgeria2010-20227006006156066015915885845855735695485204924785004003002001000201020112012201320142015201620172018201920202021202227Description:In2022,theoilrefinerythroughputinAlgeriastoodat606,000barrelspercalendarday,anincreasecomparedtothepreviousyear.Intheperiodunderreview,thevolumeofoilhandledbythecountry'srefineriespeakedat615,000barrelspercalendardayin2014.Algerianrefineriesdidnotoperateatfullcapacity,whichstoodat677thousandbarrelsperdayin2020.ReadmoreNote(s):Algeria;2010to2022Source(s):EnergyInstitute;Kearney;KPMGOilrefinerycapacityinAlgeriain2022,bylocation(in1,000barrelspercalendarday)OilrefinerycapacityinAlgeria2022,bylocationRefinerycapacityinthousandbarrelspercalendarday200

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5000100600700800SkikdaSkikda(Condensate)Arzew35512287Algiers78HassiMessaoudAdrar2213Total67728Description:In2022,thetotaloilrefinerycapacityinAlgeriastoodat677thousandbarrelspercalendarday.TheSkikdarefineryhadthehighestcapacity,correspondingto355thousandbarrelspercalendarday,inadditionto122thousandbarrelspercalendardayofcondensaterefinerycapacity.SkikdawastheleadingrefineryinAfrica.AlltherefineriesinAlgeriaareoperatedbySonatrach,thestate-ownedoilcompany.ReadmoreNote(s):Algeria;2022Source(s):OPECRefineryofcrudeoilinAlgeriaasof2020,byproduct(in1,000metrictons)RefineryofcrudeoilinAlgeria2020,byproductRefineryoutputinthousandmetrictons01,0002,0003,0004,0005,0006,0007,0008,0009,00010,0009,62911,000DieseloilNaphtha7,341Fuel5,920NormalgasolineKerosene973906824PremiumfuelLubricantsBitumen10610129Description:DieseloilwastheleadingtypeofproductrefinedfromcrudeoilinAlgeriain2020,withanoutputofaround9.6millionmetrictons.Naphthaandfuelfollowedatapproximately7.3millionand5.9millionmetrictons,respectively.Asof2021,Algeria'soilrefinerycapacitycorrespondedto677thousandbarrelspercalendarday.ReadmoreNote(s):Algeria;2020Source(s):NationalOfficeofStatisticsAlgeriaCHAPTER

06TradeVolumeofcrudeoilexportedfromAlgeriafrom1990to2022(in1,000barrelsperday)ExportvolumeofcrudeoilfromAlgeria1990-20221,3501,15095075055035015031Description:In2022,crudeoilexportsofAlgeriacorrespondedto477,000barrelsperday,whichwasanincreasecomparedtothepreviousyear.Intheperiodunderreview,apeakofover1.2millionbarrelsperdaywasreachedin2007,whichwasfollowedbyadeclineconcurrentlywiththe2008/2009globalfinancialcrisis.ReadmoreNote(s):Algeria;1990to2022Source(s):OPECVolumeofcrudeoilandpetroleumproductsexportedfromAlgeriafrom1990to2022(in1,000barrelsperday)ExportvolumeofpetroleumfromAlgeria1990-20221,9001,7001,5001,3001,10090070050032Description:In2022,theexportsofcrudeoilandpetroleumproductsfromAlgeriacorrespondedtoaround986,000barrelsperday.Thevolumeincreasedcomparedtothepreviousyear.Moreover,intheperiodunderreview,theexportvolumepeakedatapproximately1.7millionbarrelsperdayin2007.Asignificantdropoccurredinthefollowingyears,concurrentlywiththeglobaleconomicdownturnof2008and2009.Thisdeclinewasobservedinthevolumeofbothcrudeoilandpetroleum[...]

ReadmoreNote(s):Algeria;1990to2022Source(s):OPECValueofcrudeoilexportedfromAlgeriafrom2015to2022(inmillionU.S.dollars)ExportvalueofcrudeoilfromAlgeria2015-202214,00012,00012,11811,23210,46010,03810,0009,7418,8768,0006,0004,0002,00005,5104,39620152016201720182019202020212022*33Description:ThevalueofcrudeoilexportedfromAlgeriastoodataroundfourbillionU.S.dollarsin2022,withdataasoftheendofJune.In2021,thevalueexceeded9.7billionU.S.dollars,increasingfromalowof5.5billionU.S.dollarsregisteredin2020.

ReadmoreNote(s):Algeria;2015to2022;*Asofthe2ndquarterof2022.Figureshavebeenrounded.

Thereleasedateisthedateofaccess.

ReadmoreSource(s):BankofAlgeriaValueofpetroleumexportsfromAlgeriafrom1990to2022(inbillionU.S.dollars)ExportvalueofpetroleumfromAlgeria1990-2022605040302010034Description:In2022,thevalueofpetroleumexportsfromAlgeriaamountedtoover32billionU.S.dollars.Thevalueincreasedsignificantlycomparedtothepreviousyear,whenexportswereparticularlylowduetothecoronavirus(COVID-19)pandemic.Intheperiodunderreview,theexportvaluepeakedatnearly53.7billionU.S.dollarsin2008,beforedroppingin2009followingtheglobaleconomicdownturn.Algeriaisamongthemainoil-exportingcountriesinAfrica,andoilrentslargelycontributeto[...]

ReadmoreNote(s):Algeria;1990to2022Source(s):OPECPercentagechangeinoilandgasexportsfromAlgeriafrom1stquarter2018to3rdquarter2022(comparedtothepreviousyear)PercentagechangeinhydrocarbonexportsfromAlgeriaQ12018-Q3202220%15%10%5%0%-5%-10%-15%-20%Q12018Q22018Q32018Q42018Q12019Q22019Q32019Q42019Q12020Q22020Q32020Q42020Q12021Q22021Q32021Q42021Q12022Q22022Q3202235Description:Inthethirdquarterof2022,oilandgasexportsfromAlgeriagrewby1.6percentcomparedtothesamequarterofthepreviousyear.Withintheperiodexamined,thesharpestdeclineinexportswasrecordedinthethirdquarterof2020atminus19percent.Thiscontractionwasduetothecoronavirus(COVID-19)outbreak.ReadmoreNote(s):Algeria;Q12018toQ32022Source(s):NationalOfficeofStatisticsAlgeriaCHAPTER

07PricesAverageannualOPECcrudeoilpricefrom1960to2024(inU.S.dollarsperbarrel)OPECoilpriceannually1960-202412010080604020037Description:Thepreliminary2024OPECoilpricestoodat83.57U.S.dollarsperbarrels,asofJune.Thiswouldbehigherthanthe2023average,whichamountedto82.95U.S.dollars.TheabbreviationOPECstandsforOrganizationofthePetroleumExportingCountriesandincludesAlgeria,Angola,Congo,EquatorialGuinea,Gabon,Iraq,Iran,Kuwait,Libya,Nigeria,SaudiArabia,Venezuela,andtheUnitedArabEmirates.TheaimoftheꢀOPECistocoordinatetheoilpoliciesofitsmemberstates.Itwas[...]

ReadmoreNote(s):Worldwide;1960to2024;*AsofJune.Source(s):en2x;OPECAverageannualspotpricesofindividualcrudeoilsintheOPECReferenceBasketinselectyearsfrom2002to2023(inU.S.dollarsperbarrel)OPECbasketcrudeoilpricesbyoiltype2002-2023PriceinU.S.dollarsperbarrel20232022402021201220020206080100120ArabLight(SaudiArabia)KuwaitExport(Kuwait)SaharanBlend(Algeria)BonnyLight(Nigeria)Zafiro(EquitorialGuinea)IranHeavy(Iran)Murban(UAE)EssSider(Libya)RabiLight(Gabon)BasrahLight(Iraq)Djeno(RepublicoftheCongo)Merey(Venezuela)*38Description:Between2002and2023,pricesofOPECReferenceBasketoilsfluctuateddramatically.Forexample,SaharanBlendfromAlgeriastoodatsome25U.S.dollarsperbarrelin2002.Tenyearslater,thisfigurehadincreasedtomorethan111U.S.dollars,beforedecreasingto70.89U.S.dollarsin2021.Justayearlater,ithadagaingrowntoanannualaverageof104.24U.S.dollars.In2023,stoodat83.64U.S.dollars.

ReadmoreNote(s):Worldwide;2002to2023Source(s):OPECAnnualaveragepriceofcrudeoilinAlgeriafrom2011to2022(inU.S.dollarsperbarrel)AnnualpriceofcrudeoilinAlgeria2011-2022140117.8120100806040200112.9111109100.272.771.364.454.153.14542.120112012201320142015201620172018201920202021Q2202239Description:TheaveragepriceofcrudeoilinAlgeriacorrespondedto117.8U.S.dollarsperbarrelinthesecondquarterof2022.Thiswasanincreasecomparedto2021whenthepricestoodataround73U.S.dollarsperbarrel.Intheperiodexamined,thepriceofthiscommodityreachedthelowestvalueat42.1U.S.dollarsperbarrelin2020.ReadmoreNote(s):Algeria;2011toQ22022Source(s):BankofAlgeriaPriceofcrudeoilinAlgeriafrom1stquarter2018to2ndquarter2022(inU.S.dollarsperbarrel)QuarterlypriceofcrudeoilinAlgeria2018-2022140120100117.8103.580.580604020074.774.574.369.468.968.366.36464.361.161.652.543.943.926Q12018

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Q2202240Description:ThepriceofcrudeoilinAlgeriacorrespondedto117.8U.S.dollarsperbarrelinthesecondquarterof2022.Thiswasanincrementcomparedtothepreviousquarterwhenthepricestoodat103.5U.S.dollarsperbarrel.Intheperiodexamined,thepriceofthiscommoditypeakedinthesecondquarterof2022.ReadmoreNote(s):Algeria;Q12018toQ22022Source(s):BankofAlgeriaCHAPTER

08DemandandconsumptionOildemandinAlgeriafrom2010to2022(in1,000barrelsperday)OildemandinAlgeria2010-2022500450400350300250200150100504314304314224194183993893833773513443290201020112012201320142015201620172018201920202021202242/statistics/1193162/oil-demand-in-algeriaIn2022,theoildemandinAlgeriacorrespondedto431,000barrelsperday.Thiswasanincreasecomparedtothepreviousyear.Withintheperiodexamined,theoildemandinthecountrypeakedtwiceat431,000barrelsperday,in2018andin2022.ReadmoreNote(s):Algeria;2010to2022Source(s):OPECOilconsumptioninAlgeriafrom2009to2023(in1,000barrelsperday)OilconsumptioninAlgeria2009-202350044045040035030025020015010050431425416418412408405401387385370349327329020092010201120122013201420152016201720182019202020212022202343Description:In2023,theconsumptionvolumeofoilinAlgeriastoodat440thousandbarrelsperday.Thiswasanincreasecomparedtothepreviousyearwhenconsumptionamountedto418thousandbarrelsperday.Oilconsumptioninthecountrygenerallyincreasedintheperiodunderreview.ReadmoreNote(s):Algeria;2009to2023Source(s):EnergyInstitute;Kearney;KPMGOilconsumptioninselectedAfricancountriesasof2023(in1,000barrelsperday)LeadingAfricancountriesinoilconsumption2023Oilconsumptioninthousandbarrelsperday400

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60001002003007008009008781,000EgyptSouthAfricaAlgeria621405Nigeria325MoroccoLibya278260Angola130112109102SudanKenyaTunisia44Description:Asof2023,EgyptwasthecountryinAfricathatconsumedoilthemost,reachingavolumeof878thousandbarrelsperday.ThiswasfollowedbySouthAfricaandAlgeria,at621thousandand405thousandbarrelsperday,respectively.OverallinAfrica,thefinalconsumptionofoilreachednearly190millionmetrictonsin2019.ReadmoreNote(s):Africa;2023Source(s):GlobalFirepowerCHAPTER

09SonatrachNetincomeofAlgeria'sstate-ownedcompanySonatrachfrom2016to2021(inbillionAlgeriandinars)NetincomeofSonatrach20