Thursday, April 26, 2007

Lower oil earnings hit Algeria Q1 trade surplus

(Reuters) - OPEC-member Algeria saw its trade surplus shrink by $1.98 billion to $6.32 billion in the first quarter of 2007 compared with the same period last year due to lower oil and gas exports, official figures showed on Wednesday.

The data issued by the CNIS customs centre and published by the official APS news agency showed total exports fell 9.96 percent to $12.2 billion while imports reached $ 5.88 billion, up 11.9 percent from the January-March period of 2006.


Read more at Reuters Africa

No comments: