Waiting for the dust to settle in Algeria
Political turmoil is unsettling Algeria’s energy sector and its IOC investors
Algeria's energy sector finds itself in the firing line once more. Following the ousting of president Abdelaziz Bouteflika after mass street protests, the boss of state energy giant Sonatrach has been sacked and prosecutors are re-opening corruption investigations into the company. The sacking, and the decision to revisit a bribery investigation that stalked Algeria for a decade, has left international oil companies (IOCs) wondering how much of Sonatrach's promised reform programme can survive. Barely had the ailing and reclusive 82-year-old president bowed to two months of protests and stepped down on 2 April than army chief of staff Lieutenant General Said Salah announced judges would open
Also in this section
17 May 2024
The latest drought crisis is passing, but longer-term solutions are in motion, explains Panama Canal Authority Administrator Ricaurte Vasquez Morales
16 May 2024
Flat oil growth in 2024 highlights mounting industry problems
15 May 2024
Five years ago, Uzbekistan turned to a private company called Saneg to reverse the fortunes of its oil industry. Results so far are encouraging, and according to CEO Tulkin Yusupov, further progress is on the way
13 May 2024
But optimism about island nation checked by competition around African upstream investment and history of false dawns