أثر تقلبات أسعار النفط على الاستثمارات النفطية في شركة سوناطراك : دراسة تحليلية قياسية 2000-2018

الملخص EN

This study aims to highlight the impact of oil price fluctuations on oil investments of Sonatrach Company during 2000-2018.

The theoretical part of the study is an overview of oil investments at the different stages of the oil industry and the fundamentals and the factors affecting the oil market.

The study used the most important economic indicators of upstream oil (the oil exploration investment index, the oil production index, the oil price index).

In the applied part of the study, firstly we performed an analytical study to show the movement of investments in oil exploration in the upstream comparing to the oil prices fluctuations, and secondly an econometric study using the ARDL model to investigate the relationship between oil production and oil prices.

The study concluded that there is a positive relationship between the study's indicators in medium and long term, that the lower the price of oil, the lower the volume of oil investment.