Middle East Economic Survey

VOL. LII

No 9

2-Mar-2009

ALGERIA

Khelil Forecasts 60% Fall In Oil Revenues In 2009, After Algeria Posts Record $76.4Bn Earnings

Algerias Minister of Energy and Mines Chakib Khelil said on state radio last week that if energy prices stay at their current levels, Algeria would earn around $30bn from its hydrocarbon revenues in 2009. This would amount to a fall in oil and gas sales of around 60% from 2008, when Algerias hydrocarbons revenues reached $76.4bn, according to...