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What does the new 'Bid Round' tender mean for the Algerian energy sector?

April 2, 2026اقتصاد – الشروق أونلاينechoroukonline.comTranslated from Arabic
What does the new 'Bid Round' tender mean for the Algerian energy sector?

Algeria announced the launch of a new international tender for oil and gas exploration on April 19, 2026, which includes offering 7 exploration areas to global companies, in a move aimed at enhancing investments, increasing exploration rates, and valuing hydrocarbon resources. The National Agency for the Valorization of Hydrocarbon Resources 'Alnaft' confirmed that the tender, known as 'Bid Round', will be conducted according to international standards that ensure transparency and competitiveness, thereby enhancing investor confidence and encouraging new investments. The round aims to increase reserves, attract foreign direct investments, support medium and long-term production, and strengthen partnerships with experienced global companies. Watch the full content on الشروق أ...

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