Algeria seeks alternatives to hydrocarbon economy

The Algerian president is the latest to call for the country’s diversification from the energy sector.

The Algerian government is looking to reduce the economy’s dependence on the hydrocarbon sector, which represents 98% of the country’s currency income.

“Algeria is called upon to exert a great effort to bring its economy out of dependence on oil and to diversify its resources so as not to be a hostage to the fluctuation of oil prices in international markets,” President Abdelaziz Bouteflika said at an August 4th meeting…read more

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