Middle East Economic Survey
VOL. XLIX
No 9
27-February-2006
ALGERIA
Foreign Companies Account For $4.4bn of Algerias Oil Exports In 2005
Foreign companies accounted for $4.4bn of Algerias 2005 hydrocarbon exports, a 59% increase over 2004, according to Sonatrachs Market News (January 2006 issue). Their share equaled 7% of total hydrocarbon exports or 10mn tons of oil equivalent (toe) and is expected to increase in the coming years with the application of the new Hydrocarbon Law (MEES, 28 February...
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