By blocking the giant Total-Anadarko deal, Algeria is advancing African jurisprudence
Are we going towards an evolution of the jurisprudence in the matter of transfer of mining and oil blocks?
The Algerian state via the public company Sonatrach says it opposes the proposed acquisition by Total of Anadarko’s assets in Algeria. This is what Minister Mohamed Arkab said, arguing that the transaction was “incompatible” with Algerian law. “Consequently, Sonatrach will exercise its right of first refusal on the interests held by Anadarko in Algeria”, specifies a press release from the ministry quoted by the agency
As consequence naturel resources remain the areas of state sovereignty, only states decided on their natural resources
we should add the pressures of petroleum geopolitics in all our regions and the importance of foreign direct investment in this period of crisis