Spot on. Algeria passed a new hydrocarbons law in early 2020 to attract more foreign investment. The financial incentives are similar to the Zim ones covered by our PEDPA. There’s also three different contract agreement types. Lots of parallels between the two countries, with the benefit of Algeria having a long established O&G industry (tenth-largest proven natural gas reserves globally, and the world's fourth-largest gas exporter).
https://www.trade.gov/market-intelligence/algeria-hydrocarbon-laws
IVZ media thread, page-4415
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