- Date. 03/09/20
- Auteur. Rym Loucif
- Catégorie. Articles
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.