Monday, July 23, 2007

Algeria H1 trade surplus down on lower oil revenue

(Reuters) - OPEC member Algeria posted a $14.30 billion trade surplus in the first six months of 2007, a fall of $3.4 billion compared with the same period last year due to lower oil and gas earnings, official figures showed on Monday.

The data, issued by customs centre CNIS and published by Algeria's official news agency APS, showed the value of oil and gas exports, which accounted for 98 percent of total sales abroad, shrank by 4.0 percent.


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