Algeria to Announce Results of Oil Block Bids Next Month

Algeria to announce results of oil block bids next month

Algeria seeks foreign interest Forty-one bids submitted New law encouraging entries Algeria is due to announce the successful bidders for six oil blocks with a combined area of more than 150,000 square kilometres next month as part of a drive to reverse a decline in production. Forty-one companies have already submitted offers, according to the National Agency for the Valorisation of Hydrocarbon Resources in Algeria, which is organising the roun…

Algeria set for oil and gas licensing round in June

Algeria’s National Agency for the Valorization of Hydrocarbon Resources (ALNAFT) has confirmed that the official bid opening ceremony for its 2024 oil and gas licensing round will take place on June 17, 2025. The announcement marks a critical milestone in the country’s renewed push to invigorate upstream investment, following a decade-long pause in licensing activities. […] The post Algeria set for oil and gas licensing round in June appeared fi…