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Algeria oil and gas output on the rise: Sonatrach
Shoaib Ur Rehman
26 Jun, 2016
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Copyright Reuters, 2016
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![](https://i.brecorder.com/images/2016/06/oil00.jpg">ALGIERS: Algeria's oil and gas output is moving back to growth after years of stagnation, helped in part by increased production at the North African OPEC member's existing fields, state energy company Sonatrach said on Sunday.</P><P>The North African country has struggled to draw in foreign energy companies to help it to explore new fields, its efforts undermined low global oil prices and last year's near-50 percent drop in energy revenue that accounts for more than 60 percent of the Algeria's budget. </P><P>Oil output will reach 69 million tonnes of oil equivalent in 2016, against 67 million tonnes last year, while gas production will rise to 132.2 billion cubic meters (bcm) from 128.3 bcm in 2015 and 130.9 bcm in 2014, a Sonatrach report showed. </P><P>)
