{"id":52518,"date":"2022-08-24T23:49:53","date_gmt":"2022-08-24T23:49:53","guid":{"rendered":"https:\/\/www.africannewspaper.net\/2022\/08\/24\/totalenergies-abandons-algeria-project-for-bureaucracy-problems-the-north-africa-post\/"},"modified":"2022-08-24T23:50:03","modified_gmt":"2022-08-24T23:50:03","slug":"totalenergies-abandons-algeria-project-for-bureaucracy-problems-the-north-africa-post","status":"publish","type":"post","link":"https:\/\/www.africannewspaper.net\/2022\/08\/24\/totalenergies-abandons-algeria-project-for-bureaucracy-problems-the-north-africa-post\/","title":{"rendered":"TotalEnergies abandons Algeria project for bureaucracy problems \u2013 The North Africa Post"},"content":{"rendered":"\n
\n

French giant Total Energies has ditched a petrochemical project in Arzew in Oran in Western Algeria, a withdrawal that analysts blamed on Algeria\u2019s bureaucracy.<\/p>\n

Africa Intelligence news outlet relayed the news on the eve French President Emmanuel Macron’s visit to the country.<\/p>\n

Sonatrach has agreed to create a 1.4 Billion dollar petrochemical facility to produce 550,000 tons of polypropylene per year.<\/p>\n

Sonatrach was informed that Total Energies would withdraw its investment citing the project’s inability to make a profit, but French experts believe the project’s abortion is due to excessive bureaucracy.<\/p>\n

Due to insecurity concerns, major oil and gas companies have shunned Algeria since the 2013 bloody attack at Ain Amenas, one of its largest oil sites.<\/p>\n

The country is behind in the business climate surveys, and has been left behind in the Doing Business Index as well as the Economic Freedom Index.<\/p>\n

The perception of Algeria\u2019s unfriendliness towards foreign investors is worsened by facade investment reforms that left unchanged a rule requiring 51% of national ownership of any projects.<\/p>\n

The 51\/49 rule stipulates that at least 51% must be owned either by Algerian residents or Algerian nationals.<\/p>\n

Investors have been pushed away by the archaic bank system. Algeria\u2019s banks remain state-dominated and highly corrupt thus thwarting foreign direct investments.<\/p>\n

The political instability and the opacity surrounding the military-dominated regime also contribute to undermining the flow of foreign direct investments in Algeria\u2019s oil and gas sector.<\/p>\n

Algeria\u2019s willingness to weaponize gas and use the resource to achieve its regional agenda is also deterring many Western companies.<\/p>\n<\/div>\n

Source: north africa post<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

French giant Total Energies has ditched a petrochemical project in Arzew in Oran in Western Algeria, a withdrawal that analysts blamed on Algeria\u2019s bureaucracy. Africa Intelligence news outlet relayed the news on the eve French President Emmanuel Macron’s visit to the country. Sonatrach has agreed to create a 1.4 Billion dollar petrochemical facility to produce […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"yoast_head":"\nTotalEnergies abandons Algeria project for bureaucracy problems \u2013 The North Africa Post - African News Paper<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africannewspaper.net\/2022\/08\/24\/totalenergies-abandons-algeria-project-for-bureaucracy-problems-the-north-africa-post\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TotalEnergies abandons Algeria project for bureaucracy problems \u2013 The North Africa Post - African News Paper\" \/>\n<meta property=\"og:description\" content=\"French giant Total Energies has ditched a petrochemical project in Arzew in Oran in Western Algeria, a withdrawal that analysts blamed on Algeria\u2019s bureaucracy. Africa Intelligence news outlet relayed the news on the eve French President Emmanuel Macron’s visit to the country. Sonatrach has agreed to create a 1.4 Billion dollar petrochemical facility to produce […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africannewspaper.net\/2022\/08\/24\/totalenergies-abandons-algeria-project-for-bureaucracy-problems-the-north-africa-post\/\" \/>\n<meta property=\"og:site_name\" content=\"African News Paper\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-24T23:49:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-24T23:50:03+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africannewspaper.net\/#website\",\"url\":\"https:\/\/www.africannewspaper.net\/\",\"name\":\"African News Paper\",\"description\":\"We bring Africa Closer To you\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africannewspaper.net\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africannewspaper.net\/2022\/08\/24\/totalenergies-abandons-algeria-project-for-bureaucracy-problems-the-north-africa-post\/#webpage\",\"url\":\"https:\/\/www.africannewspaper.net\/2022\/08\/24\/totalenergies-abandons-algeria-project-for-bureaucracy-problems-the-north-africa-post\/\",\"name\":\"TotalEnergies abandons Algeria project for bureaucracy problems \\u2013 The North Africa Post - African News Paper\",\"isPartOf\":{\"@id\":\"https:\/\/www.africannewspaper.net\/#website\"},\"datePublished\":\"2022-08-24T23:49:53+00:00\",\"dateModified\":\"2022-08-24T23:50:03+00:00\",\"author\":{\"@id\":\"https:\/\/www.africannewspaper.net\/#\/schema\/person\/19893f3a11e0429bf3219300d406960a\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.africannewspaper.net\/2022\/08\/24\/totalenergies-abandons-algeria-project-for-bureaucracy-problems-the-north-africa-post\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africannewspaper.net\/2022\/08\/24\/totalenergies-abandons-algeria-project-for-bureaucracy-problems-the-north-africa-post\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africannewspaper.net\/2022\/08\/24\/totalenergies-abandons-algeria-project-for-bureaucracy-problems-the-north-africa-post\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africannewspaper.net\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"TotalEnergies abandons Algeria project for bureaucracy problems \\u2013 The North Africa Post\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africannewspaper.net\/#\/schema\/person\/19893f3a11e0429bf3219300d406960a\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.africannewspaper.net\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/e23d29bdcdae20b5bf12dca33252ec65?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/e23d29bdcdae20b5bf12dca33252ec65?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"https:\/\/africannewspaper.net\"],\"url\":\"https:\/\/www.africannewspaper.net\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"TotalEnergies abandons Algeria project for bureaucracy problems \u2013 The North Africa Post - African News Paper","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africannewspaper.net\/2022\/08\/24\/totalenergies-abandons-algeria-project-for-bureaucracy-problems-the-north-africa-post\/","og_locale":"en_US","og_type":"article","og_title":"TotalEnergies abandons Algeria project for bureaucracy problems \u2013 The North Africa Post - African News Paper","og_description":"French giant Total Energies has ditched a petrochemical project in Arzew in Oran in Western Algeria, a withdrawal that analysts blamed on Algeria\u2019s bureaucracy. Africa Intelligence news outlet relayed the news on the eve French President Emmanuel Macron’s visit to the country. Sonatrach has agreed to create a 1.4 Billion dollar petrochemical facility to produce […]","og_url":"https:\/\/www.africannewspaper.net\/2022\/08\/24\/totalenergies-abandons-algeria-project-for-bureaucracy-problems-the-north-africa-post\/","og_site_name":"African News Paper","article_published_time":"2022-08-24T23:49:53+00:00","article_modified_time":"2022-08-24T23:50:03+00:00","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/www.africannewspaper.net\/#website","url":"https:\/\/www.africannewspaper.net\/","name":"African News Paper","description":"We bring Africa Closer To you","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africannewspaper.net\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.africannewspaper.net\/2022\/08\/24\/totalenergies-abandons-algeria-project-for-bureaucracy-problems-the-north-africa-post\/#webpage","url":"https:\/\/www.africannewspaper.net\/2022\/08\/24\/totalenergies-abandons-algeria-project-for-bureaucracy-problems-the-north-africa-post\/","name":"TotalEnergies abandons Algeria project for bureaucracy problems \u2013 The North Africa Post - African News Paper","isPartOf":{"@id":"https:\/\/www.africannewspaper.net\/#website"},"datePublished":"2022-08-24T23:49:53+00:00","dateModified":"2022-08-24T23:50:03+00:00","author":{"@id":"https:\/\/www.africannewspaper.net\/#\/schema\/person\/19893f3a11e0429bf3219300d406960a"},"breadcrumb":{"@id":"https:\/\/www.africannewspaper.net\/2022\/08\/24\/totalenergies-abandons-algeria-project-for-bureaucracy-problems-the-north-africa-post\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africannewspaper.net\/2022\/08\/24\/totalenergies-abandons-algeria-project-for-bureaucracy-problems-the-north-africa-post\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.africannewspaper.net\/2022\/08\/24\/totalenergies-abandons-algeria-project-for-bureaucracy-problems-the-north-africa-post\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africannewspaper.net\/"},{"@type":"ListItem","position":2,"name":"TotalEnergies abandons Algeria project for bureaucracy problems \u2013 The North Africa Post"}]},{"@type":"Person","@id":"https:\/\/www.africannewspaper.net\/#\/schema\/person\/19893f3a11e0429bf3219300d406960a","name":"admin","image":{"@type":"ImageObject","@id":"https:\/\/www.africannewspaper.net\/#personlogo","inLanguage":"en-US","url":"https:\/\/secure.gravatar.com\/avatar\/e23d29bdcdae20b5bf12dca33252ec65?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e23d29bdcdae20b5bf12dca33252ec65?s=96&d=mm&r=g","caption":"admin"},"sameAs":["https:\/\/africannewspaper.net"],"url":"https:\/\/www.africannewspaper.net\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/www.africannewspaper.net\/wp-json\/wp\/v2\/posts\/52518"}],"collection":[{"href":"https:\/\/www.africannewspaper.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africannewspaper.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africannewspaper.net\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africannewspaper.net\/wp-json\/wp\/v2\/comments?post=52518"}],"version-history":[{"count":1,"href":"https:\/\/www.africannewspaper.net\/wp-json\/wp\/v2\/posts\/52518\/revisions"}],"predecessor-version":[{"id":52519,"href":"https:\/\/www.africannewspaper.net\/wp-json\/wp\/v2\/posts\/52518\/revisions\/52519"}],"wp:attachment":[{"href":"https:\/\/www.africannewspaper.net\/wp-json\/wp\/v2\/media?parent=52518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africannewspaper.net\/wp-json\/wp\/v2\/categories?post=52518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africannewspaper.net\/wp-json\/wp\/v2\/tags?post=52518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}