WorldAlgeria expects to receive $ 33 billion in oil revenues this year

Algeria expects to receive $ 33 billion in oil revenues this year


Algeria’s national oil company Sonatrach plans to increase its annual revenue by $ 13 billion to $ 33 billion.

The head of the company, Tawfiq Hakkar, informed the official news agency of Algeria APS about this.

The situation in the international energy markets allows the company to set a goal for the end of the year with revenues of $ 30-33 billion, he said.

According to him, the company’s revenues have grown significantly this year. For 8 months of this year, oil sales revenue amounted to about $ 20 billion, which corresponds to the company’s total revenue in 2020, Hakkar said.

The coronavirus pandemic has had a serious negative impact on the economy of Algeria, an oil-producing country with a population of 45 million.

The Anadolu Agency’s website publishes in a shortened form . .(HAS).



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