Algeria awards five oil exploration licenses in 2024 bid round

Algeria awards five oil exploration licenses in 2024 bid round

ALNAFT has granted exploration licenses for five of six blocks in the "Algeria Bid Round 2024." Winners include TotalEnergies-Qatar Energy (Ahara), Eni-PTTEP (Reggane II), ZPEC (Zerafa II), Zangas-Filada (Toual II), and SINOPEC (Guern El Guessa II). Contracts will be signed soon with Sonatrach. Algeria, a top African energy producer, has held bid rounds since the 2000s to boost foreign investment in hydrocarbons. 

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