Interview in Energy voice

Sonatrach has begun using its R-OB1 oil pipeline, rehabilitating a previous link dating from 1959.

A recent note from Rym Loucif highlighted some of the changes. Where the previous law offered only one type of contract, the new law provides three: participation, production-sharing and risk services.

Tax incentives are available for areas that are geologically complex or that are difficult and costly to produce. The new law “creates a far clearer legal framework for the oil and gas industry”, Loucif said.

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