ALGERIA’S state-run conglomerate Sonatrach expects oil and gas export revenues for this year to reach $20bn, its chairman Abdelhak Bouhafs said this week. Sonatrach’s revenues at the end of the first half of this year stood at $10.2bn, based on a Sahara Blend crude price of $27 a barrel, he added. The figure is well above the average for the past decade, during which time Algeria’s hydrocarbon revenues have stood at between $10 and $12bn per year. – Reuters