A Review Of The Contractual System Governing The Investment In The Upstream Gas Sector In Algeria

The present paper reviewed the legal and contractual system that governs the relationship between the Algerian government (embodied in the national oil company) and Foreign oil companies (FOCs) since the independence till the present time. The main aim of the author is to determine the impacts of changing the legal and contractual system on foreign investment flows into the upstream sector and to tell which system protects well the Algerian interest. The author concluded that during the production sharing agreement (PSA) era that the upstream sector performed well in term of awarded blocks, signed contracts, and the number and the type of .FOCs