Argentina expected to export more fuel and energy in 2003

Jan 01, 2003 01:00 AM

Argentine exports of fuel and energy should total some $ 4.72 bn in 2003, 14.2 % more than in 2002, according to Industry Secretariat projections released. Aided by rising international prices, exports of crude oil are expected to grow 11 %, while exports of refined oil products should climb 16.9 %.

The secretariat also predicts a 117.4 % increase in electricity exports and a more moderate hike -- 5.4 % -- in gas sales abroad.
According to National Statistics and Census Institute (INDEC) figures released, Argentina exported fuels and energy totalling $ 3.98 bn in the first 11 months of 2002, or 10 % less than during the same period in 2001.

Source: EFE
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