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FINANCIAL NEWS
Algeria’s oil and gas output moves back to grow
27 Jun 2016
(MENAFN) Algeria’s oil and gas output will grow again after years of inactivity, supported by increased production at the N. African OPEC member’s existing fields.
However, the country struggled to draw in foreign energy firms to help it to explore new fields, while last year its energy revenue dropped by 50 percent.
Moreover, oil output will hit 69mn tons of oil equivalent in 2016, against 67mn tons last year, whereas gas production will rise to 132.2bn cubic meters.
In addition, oil output will reach 75mn tons of oil equivalent in 2017, 75mn tons in 2018 and 77mn tons in 2019.
More News
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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