Algeria Energy Earnings Drop 41 Pct in 2015

Source: Reuters 1/19/2016, Location: Africa

Algeria's energy earnings dropped 40.8 percent in 2015 from the previous year, causing a trade deficit of $13.71 billion after a $4.306 billion surplus in 2014, the Finance Ministry said.

Energy earnings reached $35.72 billion in 2015 against $60.3 billion the previous year, because of the sharp fall in global crude oil prices, according to figures released by the ministry and published by state media.

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