algeria last updated march 2007 background s hydrocarbon sector accounts for 98 percent of export revenues has experienced a significant economic upturn in recent years 2006 real gross domestic product gdp growth rate was 4 0 oil and natural gas exports which made up algerian by value are the main driver with continuing investments being development both sectors have potential increasing production capacity over next few is growing net exporter overview according to journal ogj contained an estimated 12 3 billion barrels proven reserves as january third largest africa behind libya nigeria primarily located eastern half country hassi messaoud basin contains 70 total while additional berkine although produced since 1956 industry analysts consider under explored future discoveries page 1 12algeria energy data statistics analysis electricity
