Algeria’s hydrocarbon exports rose about 77% year on year to $42.6 billion for the January-September period, state news agency (APS) cited the energy minister as saying on Sunday.
Algeria’s energy minister Mohamed Arkab added that exports over the same nine-month period last year came to $24.1 billion.
Arkab added his country’s hydrocarbon revenues are expected to exceed $50 billion by the end of 2022.
He also commented on the OPEC+ decision to slash output by 2 million barrels per day, saying this would help maintain market balance and stabilize prices at around $100 per barrel until this year-end. (Reporting by Moataz Mohamed and Ahmed Tolba; Writing by Yasmin Hussein; Editing by Hugh Lawson and David Evans)