Impact on Oil Producers
Algeria is heavily reliant on oil and natural gas export revenues. Declining oil revenues are a complicating factor for a country which is already experiencing severe economic and social tensions and has suffered an estimated 75,000 deaths resulting from a six-year conflict with the Islamic Salvation Front and the Armed Islamic Group.
Indonesia's oil revenues were expected to falland in addition to the already dire economic conditions that Indonesia finds itself in as part of the Asian economic crisis.
Venezuela will be hit hardest by falling oil prices because of . . .
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