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Algeria Press Service

Current exchange rate Algerian Dinar|16/04/2017

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23/04/2017 10:49

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You are here:HOME»ECONOMY»Boutarfa highlights need to convert country’s resources to hydrocarbons
Thursday, 20 April 2017 18:57

Boutarfa highlights need to convert country’s resources to hydrocarbons

MEDEA-Energy Minister Noureddine Boutara highlighted Thursday in Medea the need to “start converting our resources to hydrocarbon” and “further develop petrochemical industry” in Algeria with a view to decreasing the impact of fluctuations witnessed by international markets.  

Petrochemical industry « will be one of the focus points of the hydrocarbon valorization policy advocated by the Government,” stressed the minister on the sidelines of his inspection visit to the province, stating that this option “will continue to absorb the impact of the fall in oil prices.”

The instability that characterizes the oil market since several months, coupled with the low price of gas on international markets, are “indicators that push us to better valorize the country’s hydrocarbon resources,” explained the minister.

 “We should convert our resources in Algeria instead of undergoing oil market fluctuations,” he said. 

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