Algerian Export Revenue Up, But Hydrocarbon Dependence Increases
Algeria’s export revenues rose 7% for the first nine months of 2012 on the back of bumper oil prices. This came despite falling export volumes.
The country’s dependence on hydrocarbons in the total energy mix rose to a massive 97.3% for January-September 2012. Exports totalled $56bn of which the top destinations were the US ($9.45bn), Italy ($8.85bn), Spain ($5.51bn), France...