TITLE

Algeria: Trade Surplus Booms

PUB. DATE
September 2004
SOURCE
Africa Monitor: North Africa Monitor;Sep2004, Vol. 9 Issue 9, p1
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
Latest data from the Office of National Statistics show that the trade surplus of Algeria reached US$5.6bn in H104. This is largely due to the strong revenues of the hydrocarbons sector, which accounted for 97.5% of exports last year: oil and gas exports were up 9.2% year-on-year in 2003, at US$24bn. Rising production in both oil and gas sectors, combined with firm gas prices, will largely compensate for a possible oil price slide. Yet, over the longer term, diversification remains imperative for sustainable growth. Hydrocarbons exports will benefit from the improving of access to Asian and European markets over the next few years.
ACCESSION #
14172034

 

Related Articles

  • Oil Boom To Continue.  // Africa Monitor: North Africa Monitor;Jun2005, Vol. 10 Issue 6, p1 

    The article focuses on oil price increase. The oil price increase in 2005 will more than outweigh the dip in production and export volumes and the value of oil exports will therefore increase to the U.S. $22.3 billion. Similarly, while production and export volumes will rise in 2006, oil...

  • Oil Price Boost To Exports.  // Middle East Monitor: The Gulf;Jun2005, Vol. 15 Issue 6, p3 

    The article reports that the upward revision of the periodical's, "Middle East Monitor: Gulf," oil price forecasts April 2005 means its projections for exports and the trade surplus have risen correspondingly. It informs that it is expected that the OPEC basket price to average $41/bbl in 2005,...

  • Trade Goes Further Off Balance.  // Africa Monitor: North Africa Monitor;Sep2004, Vol. 9 Issue 9, p2 

    According to latest data from the Office des Changes, the trade deficit of Morocco for H104 rose 34.4% y-o-y, reaching MAD33.4bn or US$3.78bn. This is largely due to a rise in imports, up from MAD67bn in H103 to MAD77.7bn in H104. Meanwhile, exports rose by only 5.2% to MAD44.3bn, despite an...

  • An Oil Counter-Strategy. Walinsky, Louis J. // New Republic;1/26/74, Vol. 170 Issue 4, p19 

    Focuses on Arab nations' use of oil as an instrument of economic and political warfare. Expected disintegration of the Arab cartel; Effects of oil prices on the cost structures and balance of payments positions of Europe, Japan and poor countries; Plan to impose stiff export taxes on goods and...

  • WILL OIL PRICES COLLAPSE? Rowen, Henry S.; Weyant, John P. // Challenge (05775132);Nov/Dec81, Vol. 24 Issue 5, p11 

    The price of nearby heating oil futures, which reached a peak of $45 per barrel last fall, have fallen to under $40 per barrel. Posted prices for some oil exports have declined and there has been more substantial price discounting. Oil importing companies have been refusing to renew contracts of...

  • Oil Import Quota Auctions. Adelman, M. A. // Challenge (05775132);Jan/Feb76, Vol. 18 Issue 6, p17 

    This article discusses the step taken by the U. S. to keep a check on the cartel of oil producing nations and to contain the prices of crude oil. The suggestion is creation of an auction system where the permits for crude oil imports are sold openly. The auction system should not be used to...

  • Country Risk Summary: QATAR.  // Middle East Monitor: The Gulf;Jul2004, Vol. 14 Issue 7, p7 

    Following the ratification of a new constitution last year, two-thirds of the emir's Advisory Council are to be elected by universal suffrage in Qatar, Saudi Arabia. Based on the experience of previous municipal elections, family loyalties are expected to be a major determinant of voting...

  • Economic Structure and Context: Trade Profile.  // Slovakia Country Monitor;Mar2012, p26 

    The article presents the economic structure of trade in Slovakia. It notes the successful reorientation of the country's trade toward Western Europe despite cross-border activity with the Czech Republic. Germany, the largest trading partner of Slovakia attracts a large proportion of the...

  • Liquidity Constraints, Fiscal Policy, and Consumption: Comments.  // Brookings Papers on Economic Activity;1986, Issue 1, p51 

    No abstract available.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics