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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
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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