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UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.
Algeria preparing new block auction
Algeria is preparing a new auction of oil and gas blocks, having awarded only four of 31 fields in September in the first attempt to lure foreign investors since 2011. Following the first round, Italy’s Enel plans to invest $700mn on four oil and gas blocks in Algeria in the next five or six years. Spain’s Repsol, in partnership with Shell, won the Boughezoul area, while Shell and Norway’s Statoil secured the Timissit area.
News Item details
Journal title: Petroleum Review
Region: Africa
Countries: Algeria -
Subjects: Oil and gas, Exploration and production
