Algeria: Recent Regulatory Changes
Article from: OGEL 3 (2006), in Africa
"What a difference a year makes..."
In July 2005, the Algerian government promulgated a new legislative regime for the petroleum sector, Law No. 04-05 of 28 April 2005 (the Hydrocarbons Law ), and the resulting deregulation/liberalisation and international investors welcomed improved fiscal and operational terms.[1] Now, barely a year later - a year which does not witness increases in petroleum prices on the same scales as the period from 2001, when the Hydrocarbons Law was first proposed, to 2005, when it was promulgated - the Algerian government has done an about-face on one crucial aspect of the Hydrocarbons Law and ...