VOL. XXXVII

NO.6

8-NOVEMBER-1993

Financial and Banking News

Budgets & Revenues

Algeria Revises Hydrocarbon Revenue Estimate

Algeria will earn $10.5bn from oil and gas exports in 1993, the country'sMinistry of Economy said on 30 October. The Ministry was responding to a reportin a French newspaper which suggested that earnings would be as low as $8.6bn asa result of low oil prices. Algeria's medium-term economic forecast, which waspublished in the Official Gazette on 26 April, predicted...