Related Articles
Forward article link
Share PDF with colleagues

More work to do for Algeria

A new energy minister and a new Sonatrach investment plan are still not enough to make Algeria attractive to IOCs

For a government keen to bolster the image of its oil industry in the eyes of wary foreign investors, sacking a popular energy minister is not necessarily the way to go. Yet that is what Algeria did in May, dumping Noureddine Boutarfa, despite his high-profile and lauded role in sculpting Opec's recent production cuts agreement. The new minister is Mustapha Guitouni. Boutarfa's unexplained removal came as Algiers sought to persuade international oil companies (IOCs) to get involved in an ambitious oil and gas expansion programme. But those firms will likely remain wary, put off by political uncertainty, onerous investment conditions and the ever-present risk of terrorism. The Sonatrach pla

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Rewriting the LNG rulebook
27 January 2021
New US Gulf Coast gas contract highlights the sector’s changing buyer-seller dynamic and increasing demand for pricing flexibility
Kuwait and Oman hope for peace dividend
26 January 2021
More cordial Saudi-Qatar relations raise hopes for economic and energy investment progress in other GCC allies. But serious challenges remain
Pavilion prepares for carbon neutrality as normal
26 January 2021
The Singaporean firm is laying the foundations for when carbon-neutral LNG will be a requirement
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video