The Possibility Of Applying The Import Substitution Policy On Petrochemical Products In Algeria

Abstract

This study seeks to identify Algeria’s ability to adopt an import substitution policy that would maintain its exchange reserves as well as avoid economic dependency.The approach used in the study is the analytical descriptive approach, where the phenomenon of import substitution has been described. The phenomenon has also been analyzed through a series of data and statistics to determine Algeria’s ability to implement the policy of import substitution in petrochemical products.Concerning the study’s findings, several findings had been reached: Algeria has enormous potential for fuel production but needsthe sufficient absorptive capacity to cope with the production backlog of petrochemical derivatives.Through these results, we propose some recommendations, namely, to provide storage for the material produced and expand the refinery’s scope at the national level.