Posted on 24/05/05
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AlgeriaThe country has become one of the world's major oil and gas producers since the discovery of the Hassi Messaoud field in 1956. There are now 30 major producing fields, producing some of the highest grade oil in the world. But political unrest has kept production well below its potential for years. The country unwound its control of all production in 1991 and is gradually allowing foreign investment in the industry. Algeria has estimated reserves of 9.2 billion barrels of oil and 127 trillion cubic feet of gas.
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