National crude oil production down 5%, end-October 2023 (Report)

National crude oil production stood at 1314 kt (thousand tonnes) at the end of October 2023, down 5% compared with the end of October 2022, according to the October 2023 energy outlook published by the Ministry of Industry, Mines and Energy. This fall affected most of the main fields, namely Halk el Manzel, which came on stream in 2021 (-38%), El Borma (-17%), Ashtart (-13%), M.L.D (-28%), Ouedzar (-39%), Cherouq (-17%) Miskar (-14%) and Fanig/Bag/Tarfa (-19%). On the other hand, other fields recorded an improvement in production, namely Cercina (+31%), Nawara (+33%), Gherib (+29%), Baraka (+50%) and El Hajeb/Guebiba (+11%). Average daily oil production fell from 35.3 thousand barrels/d at the end of October 2022 to 33.7 thousand barrels/d at the end of October 2023. Natural gas resources down 7% to end-October 2023 Natural gas resources (national production + tax package) reached 2 248 thousand tonnes of oil equivalent (ktoe) at the end of October 2023, down 7% compared with the same period last year. P roduction of dry commercial gas fell by 10%, while the fee for the passage of Algerian gas was down 1% to 2045 ktoe at the end of October 2023 compared with the same period of the previous year. As for natural gas imports, the document shows a 1% increase in purchases of Algerian gas, between the end of October 2022 and the end of October 2023, to stand at 2045 ktoe. National supplies of natural gas declined by 4% to 4028 ktoe between the end of October 2022 and the end of October 2023. Source: Agence Tunis Afrique Presse