Middle East Economic Survey
VOL. LII
No 30
27-Jul-2009
ALGERIA
Sonatrach Oil And Gas Revenues For 1H09 Down By Half
Algerian state energy firm Sonatrach earned $19.9mn from oil and gas exports in the first six months of this year, according to official media channels, which represents just 50% of the companys revenues for the same period last year. Speaking on Algerian radio on 19 July, Sonatrachs CEO Muhammad Meziane played down the sharp fall in revenues, pointing to the collapse in oil prices...
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