Middle East Economic Survey

VOL. XLVII

No 40

4-October-2004

ALGERIA

Chinese Firms Sign For Three Of Eight Blocks Awarded In 2004 Licensing Round

Sonatrach announced on 27 September it had signed contracts awarding eight of 10 upstream blocks in the 2004 licensing round, with work commitments worth a total $141mn. Chinese firms Sinopec and CNPC featured prominently, winning three of the blocks between them. Sonatrach said that the sixth licensing round would be launched on 1 October. Repsol YPF and...