{"id":112970,"date":"2018-03-21T19:39:20","date_gmt":"2018-03-21T21:39:20","guid":{"rendered":"https:\/\/escaesco.com.br\/lab\/anba\/?p=112970"},"modified":"2024-02-21T22:26:29","modified_gmt":"2024-02-22T01:26:29","slug":"algeria-exported-less-oil-in-2017-but-revenues-up","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/algeria-exported-less-oil-in-2017-but-revenues-up\/","title":{"rendered":"Algeria exported less oil in 2017, but revenues up"},"content":{"rendered":"<p>Algiers \u2013 The volume of oil, gas and products exported by Algeria last year dropped 2.88% over 2016, according to data from the Bank of Algeria, the country\u2019s Central Bank. The information was published this Wednesday (21) by news outlet <em>Alg\u00e9rie Presse Service (APS)<\/em>. In 2017, 108.48 million tons of oil equivalent (toe) were exported.<\/p>\n<p>The drop occurred mainly in exports of liquid hydrocarbons, aside the sales of crude oil done by state-owned company Sonatrach. Exports of gas didn\u2019t decline as much.<\/p>\n<p>Despite the drop in volume recorded throughout last year, the rise in oil prices allowed for an increase in exporting revenues, which totaled USD 33.06 billion, against USD 27.92 billion in 2016, a 18.42% hike.<\/p>\n<p>According to <em>APS<\/em>, the barrel\u2019s average price stood at USD 40.59 in 2016\u2019s first six months and went up to USD 48.17 in the following six-months period. Later, it climbed to USD 50.85 in 2017\u2019s first six months and reached USD 57.24 in last year\u2019s last six months.<\/p>\n<p>In 2017, the barrel\u2019s average price stood at USD 53.98, against an average of USD 45 throughout 2016. Foreign sales of hydrocarbons are, by far, the main source of revenues to Algeria.<\/p>\n<p>Algeria\u2019s exports of oil, gas and product to Brazil increased in both volume and revenues. Brazil imported USD 2.226 billions worth of these products, up 40.45% over 2016. The country bought 4.851 million tons, an increase of 16% in the same comparison. The data is from Brazil\u2019s Ministry of Industry, Foreign Trade and Services (MDIC).<\/p>\n<p><strong>Translated by S\u00e9rgio Kakitani<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The country exported 108 million tons of hydrocarbons, 2.88% less than in 2016. However, revenues went up 18% to USD 33 billion.<\/p>\n","protected":false},"author":1454,"featured_media":112967,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-112970","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"wps_subtitle":"The country exported 108 million tons of hydrocarbons, 2.88% less than in 2016. However, revenues went up 18% to USD 33 billion. ","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/112970","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/1454"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=112970"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/112970\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/112967"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=112970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=112970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=112970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}