Algerian government will likely approve hydrocarbon law by end of March

Predictions

  • 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

Event

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. 

Falanx Assynt is a global intelligence consultancy and leading provider of geopolitical, strategic and business risk analysis since 2003. Falanx Assynt is part of Falanx Group Ltd (LON:FLX) which, through its subsidiaries, provides cyber defence and intelligence services to blue chip and government clients worldwide.

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