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Tuesday, 25 January 2011

Algeria expects steady 2011 oil output | Reuters

Algeria expects to keep its oil output this year roughly steady, the head of its state oil and gas company said on Tuesday.

"We will stick to oil production which will be practically the same as in 2009 and 2010," Sonatrach CEO Nourredine Cherouati told a news conference.

Algeria pumped 1.27 million barrels per day in December, according to a Reuters poll of analysts and market participants.