Middle East Economic Survey

VOL. L

No 10

5-Mar-2007

ALGERIA

Anadarko Reaches Impasse With Sonatrach Over Exceptional Profits Tax

Anadarko said in its US Security and Exchange Commission (SEC) filing for 2006 that it had reached an impasse with Algerian state-owned oil company Sonatrach over the latters right to renegotiate the companys production-sharing contract (PSC) based on the exceptional profits tax introduced last year (MEES, 18 December 2006, 27 November 2006). The Taxe sur les Profits...