Algeria to open bids for oil and gas round in June
29 May 2025
Algeria plans to open the bids for its 2024 oil and gas licensing round on 17 June, according to the National Agency for the Valorisation of Hydrocarbon Resources in Algeria (Anaft).
Algeria’s first bid round in a decade was launched in October last year, marking the start of a new five-year exploration and production programme.
Under a schedule published by Anaft, bids must be submitted to the relevant committee between 8.00am and 10.30am in Algeria, and then the bids will be opened at 11.00am on the same day.
The licensing round is the first in a series of bidding rounds scheduled over five years and will offer exploration and production opportunities at six sites.
These are:
- Mzaid
- Toual
- Ahara
- Reggane 2
- Zarafa 2
- Kern El-Kassa 2
Officials have said that 41 companies have expressed interest in the licensing round.
The bid round is governed by a relatively new hydrocarbons law aimed at attracting investments and foreign partners to develop the hydrocarbon sector.
Under Law 13-19, issued on 11 December 2019, Alnaft is responsible for establishing the criteria and rules for prequalifying investors and upstream operators for Algeria’s hydrocarbons sector.
The 2019 law replaced a previous law created in 2005 and governed the last bid round, which took place in 2014.
During the previous bid round, only four blocks were awarded out of the 31 offered.
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The bid submission deadline is 26 February.
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Modon tenders Ras El-Hekma construction contracts
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Abu Dhabi-based developer Modon Holding has tendered several contracts as part of the first phase of development at Ras El-Hekma, a planned new city on Egypt’s Mediterranean coast.
MEED understands that the tenders were issued in January.
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Chinese firm wins Ceer automotive supplier park deal
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