VOL. XL

No. 04

27-January-1997

ALGERIA

Algerias Oil/Gas Exports Rose To $12.5Bn In 1996

The actual value of Algerias exports of oil andgas rose 29% to $12.5bn in 1996 from $9.7bn the previous year as a result of higher oilprices, according to the Algerian Minister of Energy and Mining, Mr. Ammar Makloufi.Algeria earned an average of $21.50/B for its oil exports in 1996 against a budgetedfigure of $16-17/B, he added. The government has projected the value of non-oil exports at$538mn in 1996, up...