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Algeria's Non-Hydrocarbon Revenues Increase Significantly in 2013

Source: Algeria Times 6/7/2014, Location: Africa

Algeria's non-hydrocarbon revenues increased significantly in 2013, moving from DZD 7,811 billion in 2010 up to US$ 12,120 billion in 2013, said Prime Minister Abdelmalek Sellal, adding that "things are expected to further improve."

In reply to questions of deputies of the People's National Assembly (Lower House of Parliament) about the Government's Action Plan, Sellal underlined that the Government aims at achieving an annual growth of 7% during 2015-2019 without relying exclusively on hydrocarbon revenues.

In this regard, the Prime minister deplored the fact that 93% of Algeria's exports consist of hydrocarbons.

As regards Algeria's accession to the World Trade Organization (WTO), Sellal said "the process has been significantly delayed, by this accession should not harm our national economy."

For more information about related Opportunities and Key Players visit Algeria Oil and Gas Projects

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