Middle East Economic Survey
VOL. LIV
No 12
21-Mar-2011
ALGERIA
Bidding Round Flop Sounds Alarm For Algerian Upstream Investment
Algeria on 17 March awarded only two out of 10 blocks on offer in its latest upstream bidding round, with one of the awards going to state firm Sonatrach, Algerias official APS news agency reported. The failure, widely anticipated, is the most emphatic indication yet that Algeria needs to improve terms if it wants to attract foreign investment into its exploration...
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