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Algeria: Profits from oil and gas sales increased by 70% in the first five months of 2022

LAST UPDATE: 14:06

Algeria’s oil and gas earnings rose 70% to $21.5 billion (€20.62 billion) in the first five months of 2022, compared with $12.6 billion (12.08 billion euros) during the corresponding period of the previous year.

The figures come from statements made today by an executive of the state oil and gas company Sonatrach to journalists.

It should be noted that the executive director of the state oil and gas company Sonatrach, Tewfik Hakar, stated today that Sonatrach is negotiating with all its customers, the review of natural gas prices. He added that the review of prices is not aimed at a single company or country.

Source: Capital

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