Algeria expects oil and gas exports to reach $ 27.9 billion next year

APS reported Monday that the 2022 finance bill predicted oil and gas exports to reach $ 27.9 billion and total imports to reach $ 31.8 billion.

The project has estimated GDP growth of 3.3%. and non-oil growth 3.7% in 2022.

The revenue of budget they are expected to reach 5.7 trillion dinars ($ 41.03 billion), while expenses are estimated at 9.9 trillion dinars.

Previous estimates point to revenues from Algerian oil and gas sales of up to $ 30 billion in 2021 if crude oil prices remain between $ 65-75 per barrel.

Algeria’s total revenues from oil and gas sales were $ 12.6 billion in the first five months of 2021, compared to $ 8.1 billion in the same period a year ago.

Algerian state-owned oil and gas company Sonatrach had forecast an increase in production and sales in 2021.

Read More About: Business News

Leave a Reply