VOL. XLI
No. 17
27-April-1998
ALGERIA
Sonatrach Consolidates Control Over Algerian Petroleum Industry
Algeria's High Council of Energy endorsed on 18 April the merger of three state-ownedrefining and petrochemical firms with the national oil company Sonatrach. The companiesinvolved, which have now been converted into joint stock firms, include Enip(petrochemicals, capital $60mn), Naftec (refining, capital $340mn), and Naftal (oilproducts distribution, capital $130mn). The deal follows a 30...
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