Algeria sets reference price for oil at $60 barrel from 2023 to 2025
Algeria has set the reference price for crude oil at US$60 a barrel through 2023-2025, state news agency (APS) said on Sunday, citing the 2023 budget approved earlier in the day by President Abdelmadjid Tebboune.
The budget set the market price for crude oil at US$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.
