According to the Organization of the Petroleum Exporting Countries (OPEC), global oil demand would grow continually till 2035, driven by developing countries in Africa, India, and Asia. To capture part of that demand and attract investors to its energy sector, Algeria has multiplied initiatives in recent years.

The Algerian Agency for the Valorization of Hydrocarbons Resources (Alnaft) announced, Sunday, the launch of EXALT (EXplore Algeria Today), a digital platform that provides information on the country’s mineral and sustainable resources.  

According to Alnaft chairman Nour Eddine Daoudi, the platform is "an unprecedented opportunity in the history of the Algerian energy market.”

“It will allow investors to check new deposits, peruse and assess the national hydrocarbon potential,” he added.

The "fully integrated" tool, developed by international oilfield services provider Schlumberger (SLB), will help demonstrate the value of domestic upstream opportunities. It will also help promote Algeria's hydrocarbon resources thanks notably to future tenders. For Nour Eddine Daoudi, it can be accessed by everyone, everywhere in the world.

Algeria is a notable oil exporter with one of the largest oil and gas reserves in the world. In its World Economic Outlook, published last October 11, the IMF estimates that the country’s economy would grow by 4.7% in 2022, thanks in particular to an increase in its oil export revenues.

Samira Njoya