Algeria Awards 2 Out of 10 Blocks


Algeria, Africa
(Click to Enlarge)

LONDON (Dow Jones Newswires), March 17, 2011

Algeria awarded two oil and gas exploration blocks to Sonatrach and Cepsa out of ten it had offered in a tender, state media said.

The results are a disappointment for the North African country, after two previous licensing rounds also failed to attract a large number of bids.

Algerie Presse Service said the National Agency for the Valorization of Hydrocarbon Resources had granted one block to Spain's Cepsa and another to Algeria's state oil company Sonatrach.

Copyright (c) 2011 Dow Jones & Company, Inc.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Executive Protection Coordinator
Expertise: Risk Management|Security
Location: TX
 
United States Denver: Proposals Specialist
Expertise: Business Development|Marketing|Sales
Location: Denver, CO
 
Landman - Midstream Surface Land
Expertise: Landman
Location: The Woodlands, TX
 
search for more jobs

Brent Crude Oil : $50.56/BBL 0.15%
Light Crude Oil : $47.7/BBL 0.70%
Natural Gas : $3.05/MMBtu 1.32%
Updated in last 24 hours