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Policy & Regulation

Algeria’s oil and gas sector waits on permanent government

The protests in Algeria may result in a more democratic system, but the country's hydrocarbon sector will likely remain in the doldrums until the transition is complete The protests in Algeria may result in a more democratic system, but the country's hydrocarbon sector will likely remain in the doldrums until the transition is complete.
By Fatima Sadouki 9 May 2019 Middle East & Africa / Policy & Regulation 0 34206
Anti-government protesters in Algeria last week. (PA)

The tenure of newly appointed Sonatrach Chief Executive Rachid Hachichi is unlikely to be long given he was picked by Algeria’s interim president, Abdelkader Bensalah – a key member of former President Abdelaziz Bouteflika’s old guard.

The removal last month of the NOC’s previous head, Abdelmoumen Ould Kaddour, was attributed largely to ties between the company and Algeria’s ruling elite under Bouteflika. Ould Kaddour was appointed by Bouteflika in 2017.

Bensalah, who was chosen as interim leader by Algeria’s parliament following the ousting of Bouteflika on 2...