As Algeria seeks to strengthen its role as an energy supplier to international markets while meeting domestic demand, the country’s investment drive has caught the attention of Gulf investors. Algerian state firms have signed new deals with Saudi and Omani partners in the past two weeks.
Algeria has substantial oil and gas resources, but an unattractive business environment has for many years deterred players. The government has sought to address that and passed a new oil law in 2019 that has been welcomed by foreign firms (MEES, 15 November 2019). Now Algeria is ready to put the reforms to the test. (CONTINUED - 895 WORDS)
