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Several Mega Projects Awarded
The Libyan energy industry is experiencing a resurgence, with foreign investment in the sector signaling a return to the industry's full potential. Notably, Spanish energy company Repsol is launching an exploration campaign in the Sharara fields, while TotalEnergies...
Libya’s Oil Sector Shows Signs of Recovery: A Closer Look at the Future Challenges of the Nation’s Key Economic Driver
Libya's energy industry is becoming an attractive market for foreign investors due to its recent stability and growth potential. After the oil blockade that cost Libya billions of dollars, the appointment of Farhat Bengdara as head of the National Oil Corporation...
Cross-border Energy Trade
Another challenge is the lack of a regulatory framework for cross-border energy trade. In this case, Algeria faces difficulties when trying to comply with the customs procedures of neighboring countries. The Harmonized System (HS) is an international system of...
Algeria Is Set To Become A Key Player In Exporting Various Energy Sources
Algeria has experienced significant growth in hydrocarbon export revenues, with a surge of nearly 69% by 2022, according to Sonatrach data. The increase in revenues is expected to have a positive impact on the country's economy by improving the government's financial...
Algeria’s Energy Potential: Overcoming Legal Challenges and Seizing Export Opportunities
One of the main challenges to exporting energy is the complex web of international laws and regulations surrounding energy trade, which can vary considerably from country to country. In addition, political tensions and conflicts can create barriers to energy exports....
Privatization Is The Key To Revitalizing The Economy
The Algerian President, Abdelmadjid Tebboune, has recently urged his government to accelerate the process of opening up the capital of the state-owned banks to change their mode of governance. In his call for reform, Tebboune stressed the need for a more transparent...
Algeria New Banking Regulations: The Paved Way for Increased Investment
The Algerian government is set to introduce new banking laws and regulations soon. Although Algeria's new banking and financial system faces a series of legal challenges, the government has taken an important step by recognizing the need for reform. By taking steps to...
Algeria’s New Decree to Simplify Company Registration
• One of the biggest challenges of investing in Algeria has been the bureaucratic and time-consuming business registration process. Despite being a country with enormous potential for economic growth, Algeria has struggled to attract investors due to its complex...