Back to the future

Nield, Richard
August 2006
MEED: Middle East Economic Digest;8/11/2006, Vol. 50 Issue 32, p4
Trade Publication
This article states that when the hydrocarbons bill became law in July 2005, it was heralded as the most important shake-up of the Algerian oil and gas sector since nationalisation in 1971. A year later, Algiers has announced a dramatic policy u-turn. Less than a year after Algeria's new hydrocarbons law broke up the monopoly of state-owned Sonatrach and threw open the doors to international oil companies, fundamental elements of the changes have been rolled back.


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