Algerian oil and gas revenues expected to reach $15.8 billion
The continuing increase in worldwide oil prices has already a substantial impact on the Algerian economy, and more is anticipated. According to Al-Hayat newspaper, local oil and gas revenues are expected to reach $15.8 billion by the end of 2000, compared to $11.9 billion by the end of 1999.
Oil and gas contribute up to 95 percent of Algeria’s total foreign currency returns. According to the newspaper report, the Central Bank of Algeria announced on August 16th, that its foreign currency reserves holdings had climbed to $7.5 billion by the end of the first half. At the end of 1999, these holdings were valued at $4.4 billion. – (Albawaba-MEBG)
- Algerian currency reserves are $7.8 billion
- UN expects Iraqi oil revenue at $5.8 billion this half year
- DSI achieves all time high revenues of AED 1.2 billion in Q4 and record backlog of AED 9.1 billion for 2012
- DSI achieves 47% and 61 % Year on Year increase in Revenues and Net Profit respectively in Fiscal 2013
- DSI delivers AED 1.25 billion in revenues and AED 45.7 million in net profit in Q1 2014