Middle East Economic Survey

VOL. LII

No 43

26-Oct-2009

ALGERIA

Sonatrachs Nine Month Revenue Down By Half

Algerias state energy group Sonatrach reported a drop of over 50% in revenues from its oil and gas exports for the first nine months of 2009. January-September revenues totaled $31bn, down from the $63bn figure reported for the same period in 2008, Sonatrach CEO Muhammad Meziane announced on 19 October on state radio. Sonatrachs export revenues for 2008 reached $76.9bn, compared to $59.5bn the...