Middle East Economic Survey

VOL. LIV

No 8

21-Feb-2011

ALGERIA

Sonatrach Delays Bidding Round As Investment Scrutiny Mounts

Algerias state owned Sonatrach has informed potential oil investors that submission of bids for its ninth upstream bidding round has been postponed from 3 March to 17 March, MEES learns. The reason for the delay is thought to be technical the contracts were not ready.

There is deep dissatisfaction over unattractive terms on offer in the round. As well as a higher stake...