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FinancialNews


  • 26-11-18

    Algeria's energy earnings up 18.21 percent in 10 months

    (MENAFN) Algeria recorded an 18.21 percent boost in its energy revenues from January to October 2018, achieving a significant 58.65 percent reduction in trade deficit.

    Algerian exports of oil and gas alone amounted for 93.17 percent of the overall sales of the country overseas.

    Oil and gas exports stood at USD31.795 billion during the first ten months of this year, compared to the USD26.896 billion seen last year during the same period.

    The total value of Algeria's exports also hit during the period USD34.126 billion, from the USD28.424 billion registered last year.

    Algeria's imports however saw a 0.35 percent decline during the ten-month period, reaching USD38.240 billion.

    MENAFN2611201800450000ID1097745561

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