Algeria to blacklist corrupt foreign companies

Published June 20, 2013 7:54pm ET



ALGIERS, Algeria (AP) — Foreign companies that are convicted of corruption in Algeria will be blacklisted from working in the country, the energy minister said Thursday.

Algeria is rich in oil and gas. Bolstered by the high price of oil in the past 10 years, it has embarked on ambitious infrastructure projects, many of which are now subject to corruption investigations.

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