Tentative reform moves could boost Sonatrach
Algeria’s new government presents a conciliatory face, which could help revitalise the energy sector and the national champion
Newly elected President Abdelmadjid Tebboune has responded to ongoing Algerian protests in support of democratic reform and an end to corruption by launching a drive to "separate money from politics". If he succeeds, the staid and corruption-tainted energy sector could be one of the beneficiaries. At least partially in an effort to appease marchers on the streets, the new president appears to be trying to bring on board some of a handful of establishment figures who last year offered public support to the Hirak grassroots opposition—even appointing one of them, Abdelaziz Djerad, as his prime minister. A committee of experts is to draw up proposals to amend the constitution so as "to implem
Also in this section
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields
23 April 2024
Cheaper Russian barrels and lower overall crude prices have helped cut key oil consumer’s import bills in election year
22 April 2024
Pursuing three different goals as part of the same package may mean achieving none of them
22 April 2024
Beijing’s renewed targeting of NOC management could threaten investment