Tuesday, June 26, 2007

Lower oil revenue hits Algeria trade surplus

(Reuters) - The trade surplus of OPEC member Algeria shrank by $4.48 billion to $10.56 billion in the first five months of 2007 due to lower oil and gas earnings, official figures showed on Tuesday.

The data issued by customs centre CNIS and published by Algeria's official news agency APS showed exports fell 12 percent to $21.19 billion while imports reached $10.63 billion, up 19 percent from the same five-month period of 2006.


Read more at Reuters Africa

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