Algeria may be earning more money in the new high oil and gas price environment but with major calls on state revenues from every quarter, Sonatrach is not in line for significant new funds to help it address falls in output. Some politically favoured projects may go ahead regardless of commercial logic, but a lot of expectation rests on the 20 memoranda of understanding signed by PDG Toufik Hakkar during his tenure even though most have not yet led to new investment commitments.
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