Algeria: Officials confirm hydrocarbons law change, shale on agenda


Issue 355 - 13 Oct 2017 | 2 minute read

Prime Minister Ahmed Ouyahia confirmed that “it is time” for Algeria to revise its hydrocarbons law to attract investors and raise export revenues, speaking at the launch of two new gas carriers in Arzew on 1 October. While he gave no details about how the law would change, the official Algérie Presse Service (APS) reported energy minister Mustapha Guitouni as saying the reforms would hinge on improving fiscal terms, which were poorly adapted to the current low oil price environment.

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