Risks and safety of investors in Algeria The positive note … – El Watan

 The British Foreign Office.
 

 The British Foreign Affairs builds on the advantages to be the Algerian market in encouraging entrepreneurs and investors in the United Kingdom to look a little more about these opportunities.

 Concerns about the environment prevailing in Algeria appear to be abating. A few days after the announcement of the return of expatriates from the Norwegian company Statoil personnel, it is the turn of the British Foreign Office to issue a rather positive note from the conditions and risks that may face British firms in Algeria.

 Thus, in a note on the business environment published on September 10, the Ministry of Foreign Affairs of the United Kingdom believes that the security, foreign companies were not the main target of terrorist attacks, or of organized crime. For the particular case of the hydrocarbon industry, mainly located in southern Algeria, the paper highlights the need for special logistics management and risks to the remoteness of the production sites of the heart industry Algerian hydrocarbons in Hassi Messaoud hub sector.

 However, the Foreign Office insists that businesses are “well protected by Algerian security forces.” Many guidelines to reassure investors and oil companies when the British Development Agency of hydrocarbons in Algeria is about to complete the bidding process hydrocarbon exploration blocks and operating under 4th bidding.

 A process that is particularly important for industry leaders who have set a goal to boost the upstream oil and gas in order to reverse the decline in production, and a strong interest on the part of foreign companies to Especially since this tender includes mixed blocks for conventional oil and non conventionnels.Le British Foreign Affairs also uses all the advantages to be the Algerian market in encouraging entrepreneurs and investors UK to look a little more about these opportunities.

 The document specifies that the oil and service companies and oil companies work have benefited from major contracts, like the one recently obtained by Petrofac for the construction of a plant processing gas on the site Reggane North for an amount of $ 972 million. Remember also in the sense that the BP oil is also present in Algeria through associations with Sonatrach and Statoil for the development of gas sites Tiguentourine and In Salah Gas.

 Outside the oil sector, the document notes that there are many opportunities in education, health, agriculture, engineering and construction, professional financial and legal services, as well as in renewable energy, and , thanks to the launch of a

public investment program of $ 285 billion.
 However, the Foreign Office has reservations highlighting bureaucratic delays that cause some difficulty in doing business in Algeria. It goes without saying that the British authorities are still in existence prior to the Algerian market of competition from several companies from different backgrounds EU, China and Turkey.