NARCO CLOSEHOLD: Yet Again in Algeria


Yet again Algeria’s state-owned energy mastodon has a new CEO. The 11th in 10 years for everyone keeping count. On 5 February, Kamel Eddine Chikhi, in the chair since November 2019, was replaced by Toufik Hakkar.

NARCO RoundUp (JAN20)


Algeria is out of the woods, at least politically. Economically, not so much. Libya is worse in all categories. And Mauritania is settling into a new post-Aziz rhythm.

NARCO ANALYSIS: Solving for X, Y, and DZ


The stultifying miasma of political risk that enshrouded Algeria for most of 2019 is gone. The pre-Hirak political system has seemingly crossed the Rubicon.

NARCO ANALYSIS: Hirak's Last Hoorah


Three more days until Algeria’s contentious presidential election. The mood hangs heavy, urgent, resigned, and relieved...

NARCO RoundUp (NOV19)


The NARCO RoundUp has a newer, fresher (and less retro) format, but still the same pithy content and analysis. No fluff. No filler. Enjoy the new NARCO look. Your feedback is always appreciated!

NARCO REPORT: Algeria's State of Play, Stakeholders, Trajectories, and Implications for the Oil & Gas Sector


North Africa Risk Consulting is now offering a new report examining the state of play in Algeria, new stakeholders, future trajectories, and implications for the hydrocarbons sector under a new presidential administration.

NARCO ANALYSIS: Algeria's New Hydrocarbons Law & New Oil Boss


Algeria has a new hydrocarbons law and Sonatrach has a new CEO. NARCO readily acknowledges when it’s been wrong, and the flip side of that (however unbecoming) is taking victory laps when it’s right...

NARCO RoundUp (OCT19)


Happy Halloween, Toussaint, and Algerian Independence Day! There were no real changes in Algeria, Libya, or Mauritania’s trajectories over the last month. Next month, however, will be different. Algeria prepares for presidential elections, Libya enters the eighth month of civil war, and Mauritania’s president marks 100 days in office.

NARCO CLOSEHOLD: A Muddle in Mauritania


How things look depends a lot on where you sit. Where you are changes your perspective. The same thing looks different, which leads to different conclusions. And in environments where it is difficult to reach out and touch that thing you’re looking at, where that thing you’re observing is ungraspable and shrouded, conclusions can become conspiratorial.

NARCO ANALYSIS: Algeria's Hydrocarbons Reform Law


Years ago, during a meeting in New York with representatives from the Algerian Ministry of Foreign Affairs, a staffer responded to a question about why Algeria does not do PR by saying, “A beautiful woman does not have to wear makeup to pick up men.”



NARCO CLOSEHOLD is timely, actionable analysis derived from discreet sources. NARCO CLOSEHOLDs are crafted as events merit. They are available to NARCO's subscription and retainer clients and on a case-by-case basis.

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