The Hirak protest movement shows no signs of abating
Algerian upstream remains not for the fainthearted
Even after the hydrocarbons law passes, would-be partners will not have troubles to seek
It has been almost a year-and-a-half since Algeria’s parliament passed its new hydrocarbons law, which was drafted to encourage investment into the upstream sector. But the appetite for new investment will be tested only after the June 2021 general elections, when Algeria’s new legislature is expected to approve the almost-complete implementation texts for the new legislation. Algerian NOC Sonatrach is unlikely to benefit from a strong surge of new private sector investment in the second half of 2021. This is partly a result of the oil price crash of 2020, which forced IOCs to cut spending and high-grade acreage globally. But it is also because Algeria’s new hydrocarbons law is not a game-ch
Also in this section
21 February 2025
While large-scale planned LNG schemes in sub-Saharan Africa have faced fresh problems, FLNG projects are stepping into that space
20 February 2025
Greater social mobility means increased global demand for refined fuels and petrochemical products, with Asia leading the way in the expansion of refining capacity
19 February 2025
The EU would do well to ease its gas storage requirements to avoid heavy purchase costs this summer, with the targets having created market distortion while giving sellers a significant advantage over buyers
18 February 2025
Deliveries to China decline by around 1m b/d from move to curb crude exports to Shandong port, putting Iran under further economic pressure
