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Algeria: Progress for hydrocarbons law

Texts essential to the new hydrocarbons law coming fully into force are ready for presentation to the council of ministers and two chambers of parliament, energy minister Mohammed Arkab told parliament’s finance and budget committee on 17 June. This is expected to allow the regulator Agence Nationale pour la Valorisation des Ressources en Hydrocarbures (Alnaft) to announce a fifth licensing round, on what Algiers believes are much better terms than in previous rounds.

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