Oil and gas exporter Algeria plans to develop other natural resources including uranium, gold and phosphate with the help of foreign investors after the end of the health crisis caused by the novel coronavirus, President Abdelmadjid Tebboune said on Friday.
The North African country’s economy still relies heavily on energy earnings despite promises in previous years to carry out reforms and develop the non-hydrocarbon sector.
A sharp fall in oil and gas revenue in recent years has deepened the country’s financial problems, widening the budget and trade deficits.
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