Petroleum Africa
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Monday, October 9, 2017
Algeria recently revealed that it was changing its hydrocarbon laws once again to attract foreign investment back to the country. While it is making some changes one thing that will not change is the rule limiting foreign stakes in oil and gas projects, according to a statement on the prime minister’s website.
The prime minister’s office said in a statement on its website that the plans had opened the way to “speculation”. “It is therefore worth clarifying that the revision will not address any issue of sovereignty, including the 51-49 (percent) rule in foreign partnerships.”
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