Middle East Economic Survey

VOL. LI

No 51-52

22/29-Dec-2008

ALGERIA

Algerias Bid Round Disappoints, Economic Crisis And Tougher Terms To Blame

Algerias seventh upstream licensing round was concluded on 13 December, attracting subdued interest from foreign firms. Just nine bids were submitted, with only four out of the 16 blocks on offer being awarded, to Eni, BG, Eon Ruhrgas and Gazprom. The Ministry of Energy had already decided in late November to withdraw Ahnet, the most coveted acreage on...