Middle East Economic Survey
Algeria Awards Eight Permits In Fifth Licensing Round
Algeria awarded eight permits to nine international companies on 28 July the outcome of the countrys fifth licensing round. A minimum investment of $130mn is expected during the course of oil and gas exploration. Norways Statoil was awarded the Hassi Mouina gas permit in the Gourara basin; Chinas Sinopec won the Guerara (Blocks 418, 419, 438a) and el Hadjira (Blocks 416a, 417)...