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Algerian President concerned by declining oil prices

Posted on 14 October 2008

From Menareport.com: Algerian President Abdelaziz Bouteflika has warned of economic and social disaster in case of heavy decline in oil prices. He made this comment in a speech addressed to officials at Tlemcen University.

Bouteflika has explained to the audience that Algeria is living a comfortable situation following the oil prices parade, yet, “any drop would certainly drive us to a plight, which would require rolling up sleeves,” he added…… Full Article: Source


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