VOL. XXXVII
NO. 31
2-MAY-1994
Financial and Banking News
Budgets & Revenues
Algeria Revises Downwards Estimate For Hydrocarbon Revenues
Algeria's revenues from oil and gas revenues during 1994 are now estimated at$7.1bn rather than the $8bn projected earlier this year, according to theManaging Director of the state oil firm Sonatrach, Mr. Abelhak Bouhafs. This estimate is based on oil prices of about $14/B. The Prime Minister, Mr. MokdadSifi, has said that debt service obligations during the...
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