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Algeria: New head for Alnaft, Exxon signs MoU

The Algerian authorities are maintaining their business-as-usual approach, with more appointments to senior roles in the hydrocarbons industry and agreements in principle to undertake cooperation with IOCs, including ExxonMobil. But the outlook remains difficult, with state energy giant Sonatrach already barely able to produce the much lower amount of crude expected under its new Opec+ quota, of 816,000 b/d for May and June delivery.

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