Algeria mulls equal footing for Sonatrach, foreign firms

Algerian officials are debating a proposal to strip Sonatrach, the state oil firm, of its monopoly market powers and put it on a nearly equal competitive footing with foreign energy companies in that country, said a former Sonatrach director. Hassan Yassine, partnerThompson & Knight LLPClick here to enlarge imageProposed legislation not yet presented to Algeria's parliament would establish a new agency, ALNAFT, to award upstream contracts, approve development plans, and collect state royalties, said Hassan Yassine, former director of negotiations and legal affairs for Sona- trach. Yassine, who helped draft Algeria's current hydrocarbon laws, is a new partner with Dallas-based Tho...

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