Algerian Energy Minister announces opening of electricity sector to Algerian and private investors

Algerian Minister of Energy and Mines Chakib Khalil Thursday confirmed that investment in electricity sector in open for private companies both Algerians and foreigners by virtue of the law on electricity and gas distribution.

• On a question from a member of the Nation Council on private sector investment, Chakib Khalil explained that private investors asked the government to provide guarantees in order to sell their products. This demand was neglected as “it is in contradiction with competition rules”.
• Energy minister and OPEC new president announced the organization’s support to the meeting oil producer and consumer countries for which Saudi Arabia urged. He also acknowledged the existence of some pressures that push the organization to increase its production.
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