NARCO ANALYSIS: Algerian Energy Sector Changes

Wednesday, June 24, 2020

By Geoff D. Porter

As soon as it was announced that Algerian President Abdelmadjid Tebboune had shuffled Prime Minister Abdelaziz Djerad’s cabinet and replaced Mohamed Arkab at the Ministry of Energy with Abdelmadjid Attar, NARCO did a quick “Attar” search through its files.

The search returned two files: a PDF of the original 1998 Production Sharing Contract (PSC) between Amoco and Sonatrach for Tigantourine; and a due diligence NARCO had undertaken for one of its clients. He’s no spring chicken and this isn’t his first rodeo.

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