Algiers confirms Sonatrach control
The Algerian national assembly (parliament) on 14 October endorsed a new law to cement the dominant role of the state-owned oil and gas company, Sonatrach. The new legislation ensures Sonatrach will take at least 51 per cent share in every oil and gas exploration contract awarded to international oil companies (IOCs). Sonatrach will also own at least 51 per cent of every oil refinery joint venture. 'It is a gain for the public good as that ...
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