Algeria H1 energy exports down 2.29 pct: c.bank

Tue Sep 11, 2012 1:06pm GMT
 

ALGIERS (Reuters) - OPEC member Algeria's oil and gas exports fell by 2.29 percent in the first six months of 2012, the country's central bank said in a report on its website.

The report provided no figures and did not give reasons for the decline. The government had projected a 2.5 percent increase in energy exports for the full year. Algeria usually produces about 1.2 million barrels per day of crude oil.

However, the value of hydrocarbon exports rose by 4.05 percent to $37.5 billion in the first half of 2012 due to higher world oil prices in the second quarter, according to the report.

Oil and gas account for about 97 percent of Algeria's total exports.

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