Algeria has welcomed a proposal by foreign energy companies to delay
by a month the opening of bids for its new oil and gas round initially
planned for August this year, the head of the energy agency handling
bids said on Monday.
In January it launched an energy bidding round with 31 fields on
offer, setting bids opening for August 6. Winning firms were due to sign
contracts on September 5.
“Some foreign firms asked us for more time to assess the potential of
all perimeters. We have accepted their request,” said Sid Ali Betata,
president of Algeria’s national hydrocarbons agency ALNAFT.
“Bids will opened in September. This decision means contracts are due
in October,” he added, speaking at in a panel debate at a conference.
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