Algeria to open open up domestic fuel market
Source: BI-ME and Reuters , Author: BI-ME staff
Posted: Wed July 9, 2008 12:00 am

ALGERIA.  The government of OPEC-member Algeria approved a decree on Tuesday to open domestic distribution of oil products to competition, a Minister said.

Communication Minister Abderrachid Boukerzaza said the executive decree, which ends the monopoly of state energy group Sonatrach's NAFTAL subsidiary, stipulated that all competitors must sell petroleum products at the same prices.

Algeria's government wants to attract more investment to upgrade its energy retail and distribution sector as demand grows. Foreign firms have focused mainly on partnerships with Sonatrach and state electricity company Sonelgaz.

"The goal of the decree is to implement a hydrocarbon law and open the market for oil product distribution to new players with the aim of launching competition," Boukerzaza said at a news conference after attending a cabinet meeting chaired by Prime Minister Ahmed Ouyahia.

"This means the end of NAFTAL's monopoly."

Boukerzaza said the hydrocarbon regulatory authority will ensure that all competitors implement the same retail prices throughout the country. "Competition will have no impact on prices," he added.

NAFTAL and other potential distributors will have equal access to storage facilities, he said.

 

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