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...