Algerian hydrocarbons outlook improves

Issue 442 - 08 Jul 2021 | 1 minute read

The extent the Algerian oil and gas industry needs the fillip the revised hydrocarbons law is expected to offer was underlined by Sonatrach’s figures for 2020, which showed export revenue had fallen to around $20bn, 39% down on 2019. The state giant’s group performance director Mohammed Rochdi Boutaleb put the slump down to Covid-19 and the consequent sharp cut in investment.

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