Nationalization
Algeria nationalizes majority control of French oil and gas interests
Explore 4 historical events and records for Algeria in 1971.
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Algeria nationalizes majority control of French oil and gas interests
Boumediene announces measures that bring majority control of important foreign oil interests under Algeria's state sector.
The government links control of petroleum resources to financing industrialization and reducing external dependence.
The national hydrocarbons company assumes an expanded role following the 1971 nationalization decisions.
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