GENEVA (Reuters) - Investment in Algeria's oil and gas sector may fall as concerns about the costs of security after a bloody siege at a desert gas plant eclipse the impact of a hydrocarbon law designed to win over foreign firms, executives and analysts said on Monday.
Algeria's parliament acted quickly on Monday to endorse an oil and gas law, cancelling a windfall tax on foreign firms, in a move seen as a bid to reassure foreign investors and reverse declining interest in the OPEC member.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
