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Algeria's Bid Round Paves Way for $50B Hydrocarbon Investment Drive
As part of a five-year licensing strategy, Algeria’s ongoing bid round aims to drive significant upstream investment and will be highlighted at the Invest in African Energy Forum in Paris this May
Algeria is set to invigorate its hydrocarbon sector with a substantial $50 billion investment over the next four years, focusing primarily on exploration and production activities. Central to this initiative is an ongoing licensing round, offering six onshore blocks to international and domestic energy companies. Although the 2024 round closes…