Algeria: law of hydrocarbons is no longer attractive for foreign investors, PM Ouyahia says..
- 03 October 2017 / News / 349 / Emerging Africa
Algerian Prime Minister, Ahmed Ouyahia, said Sunday in Arzew (Oran) that the law of hydrocarbons is no longer attractive for foreign investors, APS reported.
In passing, he cited the example of the United States of America, one of the customers of Algerian gas which achieved self-sufficiency by exploiting shale gas and Qatar which found a path to the European and Mozambique market which discovered an immense natural gas deposit.
About the national oil group, Ahmed Ouyahia said that Sonatrach has experienced a “disruption”, believing that “this company and its executives have been victims”.
“It is up to the story to provide an answer on what this group is about, considered as the backbone of the national economy today and in the twenty years into the future, “he added.
Mr. Ouyahia was accompanied on his visit to Oran by a delegation composed of the Minister of Energy, Mustapha Guitouni, the Minister of the Interior and Local Government, Nouredine Bedoui, and the Minister of Public Works and Transport , Abdelghani Zaalane
Algeria: Foreign exchange reserves to reach $ 85 billion by the end of 2018
- 23 October 2017
Algeria’s foreign exchange reserves are expected to fall to $ 85.2 billion at the end of December 2018 and to $ 76.2 billion by the end of 2020, Finance Minister “Abderrahmane Raouya” said Sunday.Spea...
Algeria : Finance Minister predicts a sharp fall in Algeria’s foreign exchange reserves for 2018
- 23 October 2017
The Minister of Finance, Abderrahmane Raouia, has presented, on Sunday, the draft Finance Law before the Finance and Budget Committee of the National People’s assembly.During his presentation of the b...