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President orders Sonatrach audit

Sonatrach is facing a “deep audit” by the Algerian state, while the company also attempts to control costs.

Algerian President Abdelmadjid Tebboune ordered the company be scrutinised, according to a statement released following the weekend’s cabinet meeting.

The audit will consider Sonatrach’s actions, its use of expatriate labour, where positions can be cut without harming performance or profitability and a move to more analytical accounting.

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Source: EnergyVoice

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