Algeria may be throwing open its doors with a pioneering offshoreround on attractive terms, but the foreign players must be aware of the country’shistory of sudden windfall taxes on oil and gas and its poor business environmentoverall, risk analysts have said.
Energy and Mines Minister Youcef Yousfi has flagged plans tolaunch a new licensing round within the next two years that would includeoffshore blocks for the first time, with indications investment terms will bemade more attractive to lure back foreign operators.
