- Government will likely approve hydrocarbon law by end of March as pressure increases to boost growth and attract investment
- New rules will prompt greater investment in oil and gas sector but impact of COVID-19 will continue to depress economic growth
- Expansion of hydrocarbon sector will limit incentives to diversify economy and reduce dependency on oil revenues in longer term
Football fans stormed the offices of state-owned oil company Sonatrach on 1 February, following the poor performance of MC Alger football club and comments by the team’s coach that Sonatrach, which owns the team, had not paid players’ wages for seven months.
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