{"id":27422,"date":"2017-08-30T07:52:09","date_gmt":"2017-08-30T07:52:09","guid":{"rendered":"https:\/\/v2.ecomnewsmed.com.ecn-01.ovea.com\/2017\/08\/30\/algerian-profit-over-oil-gas-reached-20-billions-dollars\/"},"modified":"2020-08-11T11:29:16","modified_gmt":"2020-08-11T09:29:16","slug":"algerian-profit-over-oil-gas-reached-20-billions-dollars","status":"publish","type":"news","link":"https:\/\/www.ecomnewsmed.com\/en\/2017\/08\/30\/algerian-profit-over-oil-gas-reached-20-billions-dollars\/","title":{"rendered":"Algerian profit over oil &#038; gas reached 20 billions dollars"},"content":"\nThe Sonatrach head office in Oran: the bigger\u00a0oil &amp; gas producer of Algeria.\nThe amount has been calculated after the official statistics from the end of July. Compared to last year over the same period the oil and gas export has increased to 26%.\nThis is the direct consequence of the relative increase of the oil barrel price. Indeed one barrel last year was estimated below 50 dollars, although today the price is comprised between 50 to 55 dollars. In January 2016, the Vienna agreement has been implemented in order to help the OPEC (the Organization of the Petroleum Exporting Countries). Predictions over Algeria estimates the profit for the 31th December 2017 to reach 30 to 32 billions dollars meaning 10 to 12 billions more than today.\nAnyhow, an increase of the profit is not totally a good news for the country. Algeria\u00a0is taking a serious risk to diminish his oil and gas stock. By selling stocks now with a lower price than what it could be in 10 years, experts think that the country might have a loss of earning.\nThis already the case, given that in 2014 when oil and gas price dramatically dropped down, Algeria lost around 60 billions dollars profit. The years after, Algeria\u00a0lost around 36 billions dollars, then 27 billions in 2016.\nThe revenues generated over the oil and gas export are major to the country: 97% of the annual total export is coming from the oil and gas revenue. The loss of earning has a direct involvement into the economical policy.\u00a0\nDiscover out our latest videos about the economic news in Algeria :\u00a0\n\n\u00a0\n\n","author":75,"featured_media":3211,"comment_status":"open","ping_status":"open","template":"","tags":[5761,5766,5751,2961,5750,5762],"location":[5547],"class_list":["post-27422","news","type-news","status-publish","has-post-thumbnail","hentry","tag-decision-makers","tag-economic-analysis","tag-economy","tag-institutions","tag-news","tag-trending","location-algeria"],"short_url":"","have_related_news":null,"chapo":"After the official report released by the Algerian Ministry of Industry, the exportation of oil and gas brought 20 billions dollars over the last seven months (from January to July).","media":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/sie\u0300ge_de_la_sonatrach_a\u0300_oran_algerie.jpg","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/sie\u0300ge_de_la_sonatrach_a\u0300_oran_algerie.jpg 550w","sizes":"550px","alt":"Alg\u00e9rie : La soci\u00e9t\u00e9 publique alg\u00e9rienne Sonatrach signe deux accords de coop\u00e9ration avec une entreprise turque et russe pour l\u2019exploitation du p\u00e9trole et du gaz\u00a0 2","width":550,"height":360,"ratio":0.75,"credit_photo":""},"media-news-header":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/sie\u0300ge_de_la_sonatrach_a\u0300_oran_algerie-797x598.jpg","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/sie\u0300ge_de_la_sonatrach_a\u0300_oran_algerie-797x598.jpg 1170w","sizes":"1170px","alt":"Alg\u00e9rie : La soci\u00e9t\u00e9 publique alg\u00e9rienne Sonatrach signe deux accords de coop\u00e9ration avec une entreprise turque et russe pour l\u2019exploitation du p\u00e9trole et du gaz\u00a0 2","width":1170,"height":658,"ratio":0.75,"credit_photo":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Algerian profit over oil &amp; gas reached 20 billions dollars - Ecomnews Med<\/title>\n<meta name=\"description\" content=\"The Sonatrach head office in Oran: the bigger\u00a0oil &amp; gas producer of Algeria. 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