According to the Ministry of Finance, transfers to EDL reached $888.37M during the first 9 months of 2015, 40% lower than the $1.49B transferred over the same period in 2014.
This decline mainly resulted from the 41% yearly decrease in payments to fuel and oil gas suppliers KPC and Sonatrach, which reached $871.02M by September 2015. The lower oil bill resulted from two main reasons:
Over the same period, EDL’s contribution in the total oil bill rose from 2.1% to 3.5%; However, in nominal terms EDL’s contribution remained almost unchanged at $31.84M.
Contribution of EDL in the Total Oil Bill by September
Source: Ministry of Finance