VOL. XXXIV

NO. 40

8-JULY-1991

Algeria

Sonatrach Reports Earnings of $12.3bn in 1990

Algeria's state-owned hydrocarbons company Sonatrach reported foreignearnings of $12.3bn during 1990, an increase of 35.2% over the 1989 foreignearnings of $9.1bn (as reported by the Algerian Central Bank). Liquidhydrocarbons earned $8.8bn, while gas hydrocarbons earned $3.5bn.

According to figures released by Sonatrach, Algeria produced a total of 161mntons of oil equivalent (toe) of hydrocarbons during 1990. Of...