Sonelgaz bail-out shows how state solutions still predominate
Issue 192
- 07 Aug 2010
| 1 minute read
Recent events at state utility Sonelgaz Holding seem to point to the limits of radical thinking on major Algerian energy sector problems. In June, the government converted Sonelgaz’s burdensome AD200bn ($2.72bn) overdraft into capital, effectively wiping out the debt (AE 190/9).
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