Middle East Economic Survey

VOL. XLIX

No 27

3-Jul-2006

ALGERIA

Algeria To Increase Oil Output To 2Mn B/D By 2010

Energy and Mines Minister Chakib Khelil on 20 June said Algeria planned to increase its crude oil output to 2mn b/d by 2010, the Algeria Press Service (APS) reported. Algeria is currently producing around 1.4mn b/d of crude oil well above its OPEC quota of 894,000 b/d (MEES, 26 June). New legislation in the mining and hydrocarbons sectors have encouraged investments and increased...