VOL. XXX

NOS. 11/12

22/29-DECEMBER-1986

ALGERIA

Algerian Oil Revenue Halved in 1986

Algeria's 1986 oil revenues are likely to be nearly 50% less than originallyforecast and are expected to fall further in 1987, according to budget estimatespresented to the National Assembly on 10 December by Finance Minister AbdelazizKhellef. Mr. Khellef put revenues from the petroleum sector in 1986 at $5.8bncompared to $10.4bn in the original 1986 budget and $6.3bn in the amended budgetannounced in September (...