Hundreds of Algerians protested in front of parliament on Sunday against propose...
ALGIERS - Hundreds of Algerians protested in front of parliament on Sunday against proposed changes to the energy law that they say the caretaker government has no right to pass.
Protesters said the law was draw up by the caretaker government to secure support of Western countries in a standoff over mass protests that have rocked Algeria for months. The government did not immediately comment. Sonatrach has met several major international oil companies in recent months, including Exxon Mobil and Chevron.
Algeria’s economy and state revenues are highly dependent on the energy sector, and foreign currency reserves have more than halved since oil prices began to drop in 2014.
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