(Reuters) – Algeria has set the reference price for crude oil at $60 a barrel through 2023-2025, state news agency (APS) said, citing the 2023 budget approved earlier in the day by President Abdelmadjid Tebboune.
The budget set the market price for crude oil at $70 a barrel during the same period.
The North African country expects inflation to reach 5.1% and sees economic growth at 4.1% in 2023, APS said.
The president stressed the importance of raising gas output in order to boost exports, APS added.
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By Vinh Thai, Professor of Logistics and Supply Chain Management, School of Accounting, Information Systems and Supply Chain, RMIT University
An Easter bunny for $10. A box of 20 holl...
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Ukrainian drones have hit Russia’s Baltic Sea port of Ust-Luga for the fifth time in 10 days, as Kyiv intensifies its campaign against Russian oil export infrastructure.
Regional gove...
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