Algeria's H1 oil, gas exports edge down to 50.59 million mtoe: Central Bank
Algeria's oil and gas exports in the first half of this year fell 1.09% year on year to 50.59 million mt oil equivalent (2.06 million boe/d) from 51.11 million mtoe, the country's central bank said Monday.
Meanwhile, a 2,631 mtoe (573,000 Mcf/day) decline in exports of pipeline gas were offset only partially by a 1,837 mt (490,000 Mcf/d gas equivalent) increase in LNG exports.
The total value of Algeria's hydrocarbon exports in the first half of this year fell 1.37% year on year to $31.83 billion from $32.27 billion, the bank reported. That included a $1.34 billion drop in gas export revenue, partially offset by the $900 million rise in revenue from exports of oil and gas liquids.
The price of Algeria's Sahara Blend export crude averaged $109.45/barrel during the first half of this year, compared with $108.55/b in the first half of 2013, data showed.
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- November 17, 2014
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