Sonatrach also has its footprint in Yemen, Libya and Venezuela—and with respect to the first two, this means that powerful Arab nations also have a great interest in who comes to power next in Algeria. Algeria's state-run oil firm Sonatrach has suspended several domestic and foreign deals amid escalating political instability following President Abdelaziz Bouteflika's resignation. The move comes as the Algerian government is struggling to contain a wave of protests against its authoritarian rule. Although Algerian output has continued, analysts said investors are waiting to see how the transition period, as well as any changes to Sonatrach's leadership, play out.
Algeria's state-run oil firm Sonatrach has suspended several domestic and foreign deals amid escalating political instability following President Abdelaziz Bouteflika's resignation. The move comes as the Algerian government is struggling to contain a wave of protests against its authoritarian rule. Although Algerian output has continued, analysts said investors are waiting to see how the transition period, as well as any changes to Sonatrach's leadership, play out.