Middle East Economic Survey

VOL. LIV

No 50

12-Dec-2011

ALGERIA

Yousfi Announces Oil Law Change

Algeria is working to change its Hydrocarbon Law in order to attract back investors who have shown tepid interest in recent bidding rounds. But the proposed changes will not affect the 51% ownership stake, which state-owned Sonatrach currently has in all joint ventures and Algeria would keep ownership of reserves, the countrys Minister of Energy and Mines Yousef Yousfi, announced in Doha on 7...