On May 3rd the Algerian court found former head of Sonatrach guilty of corruption. He was sentenced to one year in prison and a $7,000 USD fine. He was dismissed from his position last year due to these charges. This comes only a few days after one of the most violent protests in four months. Protesters demanded greater political freedom and standards of living. The government has responded by both violent crackdowns and greater public spending and the promise of political reform.
Eni SPA and Sonatrach have signed a cooperation agreement to develop unconventional hydrocarbon resources, especially shale gas. Experts estimate that Algeria may have over 200 tcf in shale gas.
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