Algeria’s National Agency for the Valorisation of Hydrocarbon Resources (ALNAFT) has initiated the “Algeria Bid Round 2024,” an international tender offering new opportunities in upstream oil and gas projects, according to local reports.
ALNAFT Chairman Mourad Belghem announced the tender at the 12th Africa and Mediterranean Basin Energy and Hydrogen Conference and Exhibition (NAPEC 2024) in Oran.
This bid round, the first of several planned over the next five years, will open exploration and production opportunities across six sites: M’Zaid, Ahara, Reggane 2, Zarafa 2, Toual, and Kern El-Kassa.
The Algeria Bid Round 2024 will operate under a new hydrocarbons law designed to draw in investment and international partnerships for the development of Algeria’s energy sector.
Law 13-19, enacted on December 11, 2019, establishes the guidelines for prequalifying investors and operators, aiming to make Algeria’s hydrocarbons sector more accessible and attractive to foreign stakeholders.
