Oil&Gas exports are doing well in Algeria

A report of the Algerian Central Bank indicates that revenues from oil and gas exports increased by 18.42% in 2017 compared to 2016 reaching $ 33.06 billion.

A report of the Algerian Central Bank indicates that revenues from oil and gas exports increased by 18.42% in 2017 compared to 2016 reaching $ 33.06 billion.

This growth has been favored by the increase in oil prices since the 2014 crisis.

However, the volume of oil and gas exports fell by 2.88% or 108.48 million tonnes of oil equivalent (toe).

This increase in energy revenues has reduced the Algerian trade deficit by 28.9% or $ 14.33 billion.