Algeria's expansion strategy

摘要

Algeria's ambitious oil and gas expansion plan faces its moment of truth in June when the government unveils a long-awaited hydrocarbons law designed to lure sceptical international oil companies. The plan, Project 2030, calls for $56bn of investment over the next four years. But it won't work without foreign investors, and to date they've been scared off by corruption, political turmoil, low returns and onerous contract conditions.