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Algeria's Sonatrach oil, gas exports hit 89 mln tons in 10 months

ALGIERS, Oct 31 (KUNA) -- Oil and gas exports of Algeria's state-run energy company Sonatrach hit 89 million tons in the first 10 months of 2016, marking a rise of 9 percent compared to the same period last year, Chief Executive Amin Mazouzi.
Sonatrach oil production increased by 80,000 barrels per day in the third quarter, Mazouzi added in a press statement, relayed by the Algerian TV. He noted that the rise is part of Sonatrach's program to enhance production capabilities, and diversify international target markets.
In addition, the increase allowed exports to Latin American markets like Cuba and Brazil.
The company delivered energy products to Australia and Asian markets, including two deals with Indian firms.
Over the first nine months of the year, Sonatrach made 28 new explorations, 25 of them added 177.47 million tons of potential proven reserves. (end) ft.msa