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The new hydrocarbons law first announced in late 2019 but as yet unimplemented is considered essential for restoring the attractiveness of Algeria s upstream sector, offering improved fiscal terms for investors.
Energy minister Mohamed Arkab, who regained his post in February after eight months away, told Algerian radio on April 26 that 95% of the implementing texts had now been published. The development of the texts for the application of the law on hydrocarbons is progressing well and there are only three texts still under preparation, Arkab said.
Some 70 texts in total had to be adopted for the new law to be fully implemented, which has taken much longer than originally planned.