Algeria’s Oil & Gas Revenues Rise 19%

Algeria’s Oil & Gas Revenues Rise 19%

Algeria reported a 19% increase in its oil and gas exports during the first three quarters of 2017, Zawya reports.

Revenues from oil and gas exports reached $24.41 billion for the first nine months of 2017, up 19% from the $20.52 billion received during the same period in 2016, according to Zawya.

Exports are projected to reach $31 billion this year, according to the Finance Minister, Abderrahmane Raouia, Zawya previously reported.

In 2016, Algeria’s exports totaled $27.5 billion, a significant decrease from the $60.3 billion Algeria took in prior to the drop in oil prices in 2014.

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