Algeria’s state-held oil company Sonatrach exported an all-time high volume of crude oil in October, Reuters
Last month Sonatrach exported 2.77 million tons of oil equivalent, the official said, adding that the company’s oil production has risen by 8 percent so far in 2016.
New export destinations for Algeria last month were Cuba and Australia, according to the source.
In September, Algeria was preparing to send to Cuba in October
The low crude prices have not spared either Venezuela or Algeria, both members of OPEC.
Algeria – the leading natural gas producer in Africa and one of the top three
Algeria saw its total crude oil production in October edge up to 1.088 million bpd, from 1.086 million bpd in September, OPEC’s latest official figures
Algeria is planning on
As early as in May of this year, the International Monetary Fund (IMF)
By Tsvetana Paraskova for Oilprice.com
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