Middle East Economic Survey

VOL. LIII

No 44

1-Nov-2010

ALGERIA

Algerias Hydrocarbon Revenue Rises 38.7% In First Half 2010

Algerias revenue from oil and gas exports in the first half of 2010 rose by 38.7% to $27.6bn from $19.9bn in the corresponding period of 2009, according to the Governor of the Central Bank of Algeria Muhammad Laksaci. Addressing the Algerian parliament on 21 October, Mr Laksaci said that higher export revenue resulted from higher oil prices which averaged $77.5/B in the...