Participants attend the opening session of the 15th International Energy Forum in Algiers on September 27, 2016. AFP / Ryad Kramdi
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Algeria plans to offer tax incentives in a planned new energy law to attract more investment and is in discussion with foreign energy firms including BP and Anadarko to exploit its shale gas reserves, officials said Sunday. OPEC member Algeria is a key gas supplier to Europe, but growing domestic consumption has been hitting energy exports, the main source of the state budget.Algeria has been talking for years about opening up the energy sector but some in the political elite have resisted this.
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