Review
Abstract
References
Information
Algeria is heavily reliant on its hydrocarbon sector, which accounts for 70% of its government budget revenues. However, in recent years, crude oil production has been stagnant and natural gas production has gradually declined on account of consistent delays in new production and infrastructure projects. In addition, in the last licensing rounds, there has been limited interest from foreign investors to undertake new oil and gas projects under the government’s current terms such as stringent financial terms and windfall taxes. On the other hand, petroleum experts have related this limited interest to the lack of hydrocarbon potential of the blocks offered, rather than unattractive fiscal terms. In February 2013, the Algerian parliament amended the country’s hydrocarbon law and introduced fiscal incentives to entice foreign companies to undertake new ventures, particularly in the exploration of unconventional resources, both onshore and offshore.
알제리 정부는 재정수입의 70%를 차지할 만큼 석유산업에 절대적으로 의존하고 있다. 그러나 최근에 신규 생산 및 기간시설 건설 프로젝트의 빈번한 지연으로 인하여 원유와 천연가스의 생산은 정체되거나 서서히 감소하고 있다. 또한 경직된 금융조건, 과도한 세금부과 등의 불리한 입찰조건은 최근의 입찰 라운드에서 기대만큼 해외투자자의 관심을 유도하지 못하였다. 그러나 일부 석유 전문가들은 입찰 실패가 비합리적 세제 때문이라기 보다는 입찰 광구의 탄화수소 부존 가능성이 낮기 때문이라고 지적하고도 있다. 2013년 1월 알제리 의회는 알제리 탄화수소법을 개정하였는데, 특히 육상광구와 마찬가지로 해저광구의 비전통자원의 탐사를 위해 외국 기업들의 투자 유도를 위한 회계 인센티브제도를 도입하는 등 보다 투자유인 지향적으로 법률 개정을 시행하였다.
- Aissaoui, A., 2001, “Algeria, the political economy of oil and gas,” The Middle East Journal, Vol. 56, No. 2, p. 213.
- AMEM, Algerian Ministry of Energy and Mining, 2012, http://www.mem-algeria.org.
- Benayad, S., Park, Y.S., Chaouchi, R. and Kherfi, N., 2013a, “Unconventional resources in Algeria: appraisal result from the Hamra Quartzite reservoir,” Geosciences J., Vol. 17, Issue. 3, pp. 313-327.
- Benayad, S., Park, Y.S., Chaouchi, R. and Kherfi, N., 2013b (online publ.), “Parameters controlling the quality of the Hamra Quartzite reservoir, southern Hassi Messaoud, Algeria: insights from a petrographic, geochemical, and provenance study,” Arabian J. of Geosciences, DOI 10.1007/s12517-013-0905-6.
- Daniel, J., 1994, “International petroleum fiscal system and production sharing contracts,” Pennwell books, Tulsa, Oklahoma, United Stated of America, p. 300.
- EIA, Energy Information Administration, 2013, Algeria Country profile, www.eia.doe.gov.
- Fattouh, B. and Darbouche, H., 2008, “North African oil and foreign investment in changing market conditions,” Energy Policy, Vol. 38, Issue. 2, pp. 1119-1129.
- International Monetary Fund (IMF), 2011, “Algeria: Selected Issues,” International Monetary Fund, Country Report No. 05/52, http://www.imf.org.
- Park, Y.S., Koh, J.H., Kim, D.H., Kim, S.J., Kim, J.H., Kim, H.T., Sun, W.D., Son, B.K., Shin, Y.J., Lee, W.S., Lee, H.S., Jang, S.H., Huh, D.G., Hwang, I.G., Lee, C.G., Lee, Y.G. and Lee, J.Y., 2008, “Hydrocarbon potential and fiscal system analysis of Algeria,” Internal Report of KIGAM, pp. 1-283 (in Korean).
- Park, Y.S., Kim, D.H., Kim, J.H., Kim, H.T., Sun, W.D., Son, B.K., Shin, Y.J., Lee, D.S., Lee, H.S., Jang, S.H. and Hwang, I.G., 2009, “Sedimentary basins and Hydrocarbon fields of Algeria,” Internal Report of KIGAM, pp. 1-264 (in Korean).
- Sonatrach, 2008, Algerian National Oil & Gas Company, http://www.sonatrach.com.
- Well Evaluation Conference (WEC) Algeria, 2007, “Joint documents of Sonatrach and Schlumberger,” Well Evaluation Conference, Internal report, Algeria, p. 489.
- Publisher :The Korean Society of Mineral and Energy Resources Engineers
- Publisher(Ko) :한국자원공학회
- Journal Title :Journal of the Korean Society of Mineral and Energy Resources Engineers
- Journal Title(Ko) :한국자원공학회지
- Volume : 50
- No :5
- Pages :750-759
- DOI :https://doi.org/10.32390/ksmer.2013.50.5.750
Journal of the Korean Society of Mineral and Energy Resources Engineers
