Hundreds of Algerians protest against proposed energy law

Africa

13 October 2019, 19:35

M.News

Hundreds of Algerians protested in front of parliament on Sunday against a proposed energy law that they say the caretaker government has no right to pass.

The new law is aimed at attracting foreign investors to help Algeria strengthen its energy output, but would maintain a 49% limit on foreign ownership if passed into law by parliament.

Protesters said the law was intended by the caretaker government to secure the support of Western countries in a standoff over mass protests that have rocked Algeria for months. The government did not immediately comment.

Energy industry sources in Algeria say the proposed law should be more generous to investors, with greater tax incentives and lower customs duty.

Flights Search