VOL. XL

No. 40

6-October-1997

ALGERIA

Sonatrach Reports 27.6% Increase In Oil/Gas Export Earning In 1996

The total value of Algeria's oil and gas exports in 1996 was $12.5bn, $2.7bn more thanin 1995, the Algerian state-owned oil and gas company Sonatrach said in a report lastweek. The improvement in performance was due to a firmer dollar, better crude oil pricesand higher export volumes of oil and gas. Sonatrach cited one-off cash revenues of $232mnin 1996 paid by foreign partners under...