Algeria must address widespread concerns about bureaucracy and its fiscal terms to attract the investment it needs to offset crude capacity declines. Algeria plans a $90bn investment programme in its oil and gas sector in 2015-19 to boost reserves and output. And falling oil prices will have little impact on this plan, which was devised assuming crude prices of $70/bl, state-owned Sonatrach chief executive Said Sahnoun told the North Africa Oil and Gas Summit in Algiers on 7 December.
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