Middle East Economic Survey

VOL. XLVII

No 32

09-August-2004

ALGERIA

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)...