Algeria: Hassi Messaoud field caps oil output at 430,000 bpd

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    "We could have done more, we could produce more oil, but we must respect our quota," Hassi Messaoud’s production chief Ali Neghmouche told Reuters.

    North African OPEC member was hit hard by the crash in global oil prices, which hammered its energy revenues. It has been working to boost output, and trim its budget. Oil and gas earnings make up 60 % of state spending.

     

     

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