Algerias Prime Minister, Abdelmalek Sellal, has told the countrys state-owned energy company to invest more in oil and gas.
Our potential is not sufficiently explored and exploited, Sellal said on 26 May, during a meeting with energy sector executives including Sonatrachs CEO Amine Mazouzi. We should exploit the new discoveries. It is possible and important. Sonatrach must further invest in the exploration, production and development of hydrocarbons.
Algerias economy is suffering as a result of declining hydrocarbons production and lower oil and gas prices.