تنمية الموارد البشرية
Volume 17, Numéro 1, Pages 791-811
2022-05-16

The Effect Of The Covid-19 Pandemic On The Algerian Share Of Oil Products Exports Market

Authors : Guelmine Mohamed Hichem . Benmakrelouf Khaled .

Abstract

Our descriptive study entitled the effect of the COVID-19 pandemic on the Algerian share of oil products exports market, aims to study the impact of the pandemic on oil revenues and the market share of Algeria, with a focus on risk management for Algeria's petroleum portfolio, which is made up of four products: crude, liquefied petroleum, refined petroleum, and the Condensates. The results of the study show that Algeria’s oil crisis does not only lie on the crises affecting the prices of the four products, but rather lies on the fierce competition that prompted Algeria to lose a large part of its market shares during the period from 2010 to 2014 with 28.68% of its crude market, 34.24% of During the period from 2010 to 2018, in favor of competitors with high-quality contracts in terms of pricing, product quality and the opportunities of investment in the hydrocarbon sector for the IOC, such as Iraq, Kazakhstan, Azerbaijan. This is the same market value that Algeria lost during the pandemic period by 27.43%, and 52.7% of its crude oil revenues, which makes us confirm that there’s a quality crisis for our crude contracts.

Keywords

COVID-19 pandemic ; crude oil ; risk management of the petroleum portfolio