Weekly MENA Newsletter will be delivered to your email in PDF format every Friday (52 Issues per Year).
A recent cooperation agreement between Algerian state giant Sonatrach and France’s Total could signal renewed attempts by the North African country to attract – or at least maintain – upstream IOC investment.
Algeria’s image as an attractive investment destination has been seriously tarnished in recent years, with tough fiscal terms considered one of the biggest obstacles. Following a new batch of appointments at Sonatrach and upstream regulator Alnaft, energy minister Nouredine Boutarfa has embarked on a charm offensive with foreign partners. But how much can be achieved is doubtful given critical unknowns looming over the country’s political future.
TOTAL: NEW UPSTREAM PROJECT, TFT EXTENDED, TIMiMOUN DELAY
DATA INSIDE THIS ARTICLE
|chart||Total’s Net Algeria Output (‘000 Boe/D)|