ALGERIA’S SONATRACH REPORTS EXPORT RECEIPTS OF 15.97 BILLION USD FOR JAN-MAY 2018

ALGIERS, Algerian national hydrocarbon company Sonatrach has reported a turnover of 15.97 billion US dollars for the first five months of 2018, up 14 per cent from the 14 billion USD achieved during the same period of 2017.

A senior Sonatrach official, M’hamed Kheroubi, revealed the figures here Tuesday during a meeting on Sonatrach’s 2017 performance and its future strategy convened by the Economic Affairs Committee of the National People’s Assembly (lower house of Parliament).

Kheroubi said Sonatrach achieved a turnover in the domestic market of 129.2 billion dinars (about 1.1 billion USD) during the same period, against 124.2 billion dinars in the same period of 2017, an increase of 4.0 per cent.

As for the export revenues, Sonatrach earned 14.8 billion USD in the five months to thel end of May, against 12.7 billion USD during the same period in 2017, increasing by 17 per cent.

Besides, Kheroubi said oil taxes paid by Sonatrach reached 1, 232 billion dinars during the five first months of 2018, against1,032 billion dinars during the same period of 2017, up 19 per cent.

Source: Nam News Network

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