Algeria and Lebanon embroiled in defective fuel scandal

‘Secret’ contract

In the same week, Lebanese MP Paula Yacoubian blasted the “secret” nature of the contract signed between the Algerian national oil company and the Lebanese state in 2005, the same year Algeria announced that its extensive gas reserves were open for business.

Scandal-hit company

The Algerian state-owned oil and gas company, created in 1963, a year after the North African country declared its independence, has become the main coffer through which the government has secured its survival so far by financing welfare programmes, subsidising a wide range of products and building infrastructure.

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Yasmina Allouche

Yasmina Allouche

41 Followers

Researcher/Journalist specialising in North Africa | Focus on Algeria |