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Algeria rearranges the deckchairs while the ship sinks The country’s latest spat with a foreign investor is likely to be just as self-defeating as previous disputes State-owned Sonatrach took the decision in April to revoke UK independent Sunny Hill Energy’s interest in the highly prospective Ain Tsila gas field on the grounds that Angelo Moskov who controversially took over Irish producer Petroceltic in 2015 and changed its name to Sunny Hill is more interested in a speculative investment than a long-term commitment to Algeria. The issue of compensation will now be decided in the arbitration courts. Unfortunately, however, this is only the latest self-inflicted damage to Algeria’s hydrocarbons sector and the country as a whole.

United kingdomAngelo moskovSunny hill energyAin tsilaSunny hillஒன்றுபட்டது கிஂக்டம்சூரியன் தீண்டும் மலை ஆற்றல்சூரியன் தீண்டும் மலை