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    Reuters: Algeria Says Crude, Natural Gas Exports Down in 2014

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Summary

Algeria saw a sharp decline in its oil and gas exports in 2014, which the state says will affect its earnings by 50%

by: Erica Mills

Posted in:

Press Notes, Africa

Reuters: Algeria Says Crude, Natural Gas Exports Down in 2014

Algeria's crude oil and natural gas exports dropped sharply in 2014 after the ninth straight annual decline in its domestic energy production, according to the state statistics office data on Tuesday.

A major gas supplier to Europe, Algeria has struggled to keep up production because of declining output at more mature oilfields and a lack of foreign investment in developing new prospects.

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