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Spotlight ALGERIA Africa Energy Intelligence dated 23/03/2011

Windfall tax on profits scare oilmen away

Oil companies long toed the line to avoid alienating all-powerful Sonatrach but now they're heading for the exits. Rather than handing 50% of their profits to Sonatrach the moment the oil price tops USD 30 per barrel, as a windfall [...] (664 words)
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