Tuesday, June 23, 2020 4:11 p.m. EDT by Thomson Reuters
ALGIERS (Reuters) – Algeria named new energy and finance ministers on Tuesday, following a big fall in revenue for the major oil and gas producer after years of budget deficits.
Abdelmadjid Attar, a former chief executive of state oil company Sonatrach, is the new energy minister, while Central Bank Governor Ayman Benabderrahmane becomes finance minister, state television reported.
The partial cabinet reshuffle comes just six months after the new government was formed, at a time of major political upheaval for Algeria as mass protests forced the veteran president Abdelaziz Bouteflika from power.
Already suffering years of lower income due to oil prices slumping in 2014, higher domestic consumption and more competition for its gas in