Middle East Economic Survey

VOL. LII

No 8

23-Feb-2009

ALGERIA

Lower Oil Prices May Force Algeria To Offer IOCs Better Terms, Says PFC Energy

Lower oil prices may force certain producer countries like Algeria to improve the contractual terms they are offering international oil companies (IOCs), in order to secure foreign investment, maintain production at mature fields and confront specific technical challenges they face, PFC Energy said in a statement published last week. Over the past few years,...