Algeria is a member of the Organization of the Petroleum Exporting Countries (OPEC). Its daily crude oil output was 1.4 million barrels at the end of last year.
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Algeria Will Pump Oil As Earlier
Algerian Minister of Energy and Mines has said Algeria will keep its daily crude oil output stable
Algerian Minister of Energy and Mines Chakib Khelil has said Algeria will keep its daily crude oil output stable at 1.34 million barrels.
Khelil believes that the global crude oil prices in the first quarter of this year will stay at the current level, and will stay above $30 per barrel even though they might drop slightly in the second quarter.
The minister said international crude oil demand in 2005 will decrease due to the slowdown of the world economy. But he didn't rule out the possibility that international oil market may be turbulent again because of geo-political instability.
Algeria is a member of the Organization of the Petroleum Exporting Countries (OPEC). Its daily crude oil output was 1.4 million barrels at the end of last year.
Algeria is a member of the Organization of the Petroleum Exporting Countries (OPEC). Its daily crude oil output was 1.4 million barrels at the end of last year.
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