VOL. XLVII

No 16

19-April-2004

ALGERIA

Sonatrach Record 2003 Results Reflect High Oil Price, Performance Improvement, Says Meziane

Sonatrach achieved a 67% increase in net profits at AD292bn in 2003 from total sales of $25.1bn, company Chairman Mohamed Meziane said on 4 April. He said that Sonatrach paid AD1,285bn to the treasury and raised its self-finance capacity to AD400bn. Mr Meziane said that Sonatrachs record results in 2003 reflected not just high oil prices but an improvement in...