oil and gas

Energy: energy trade balance deficit increases 84% late in September 2022

December 1, 2022

(TAP)- The energy trade balance deficit sharply increased by 84% (taking into account the Algerian gas export royalty) at end September 2022 compared to the same period of 2021, to 7,046 million dinars (MD) from 3,832 MD, according to the monthly report on the energy situation, published by the National Observatory for Energy and Mines.

Exports of energy products went up in value by 66%, while imports increased 77%.

The observatory said trade in energy is very sensitive to three factors, namely the quantities traded, the $/DT exchange rate and the price of Brent. The exchange rate deteriorated, the price of Brent rose sharply and the quantitative deficit of the trade balance saw a 4% decrease at the end of September 2022, compared to the end of September 2021.

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