Algiers, Sept. 9 (Thomson Financial) .- Revenues from sales of Algerian oil and gas in the world market amounted to 27,000 million dollars between January and August this year, informed the president of state oil company Sonatrach, Mohamed Meziane.
Until April, Algeria had joined 13,370 million dollars from the sale of oil and gas, representing a 46.48 percent less than last year.
The 27,000 million recorded through August represent more than 67 percent of revenue for the year of 2009, Algerian Energy Minister Chakib Khelil, stood at 40,000 million dollars.
If confirmed those estimates, oil revenues this year will fall nearly 50 percent as in 2008 were higher than the 79,000 million.
The decrease in revenue is due to falling oil prices on the world market, currently around $ 70 a barrel compared to $ 140 a year ago.
According to official data, Algeria currently has a capacity of oil production of 1.45 million barrels a day, but cash is pumping 1.2 million barrels a day in implementing the decisions of OPEC about cutting production.
Reservations Algerian oil and gas are at about 40,000 million barrels, of which only a small part is operated.
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