Middle East Economic Survey


No 50



BP Plans To Invest $300Mn In Three Algerian Blocks

BP plans to invest $300mn in exploration work over the next three years in the three blocks that it was awarded in Algerias 6th international licensing round last April (MEES, 18 April). Two of the blocks, Bourarhat South and South East Illizi, cover 5,304 sq km and 5,640 sq km respectively in the Illizi Basin. The third, 14,937 sq km Hassi Matmat Block, is in the Oued Mya...