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...