Tuesday, 23 November 2010

Algeria: More flexibility promised as licensing round opens

Nearly 80 companies have prequalified in terms of financial resources and technical aptitude for the forthcoming licensing round. Agence Nationale pour la Valorisation des Ressources en Hydrocarbures (Alnaft) received three new demands for prequalification.

In total 45 companies took part in the opening meeting of the round at the Hotel Sheraton in Algiers in late September. Energy and mines minister Youcef Yousfi set an optimistic tone at the meeting. He said the process of discussion with Sonatrach's partners had “permitted the identification of a certain number of points which could be improved” in the licensing round procedures.

Several suggestions from IOCs had been adopted, for example the selection of areas to be included in the round, he added, encouraging interested companies to maintain the process of dialogue which he said was fundamental to Sonatrach's relationship with its partners.

For more news and expert analysis about Algeria please see Algeria Focus and Algeria Politics & Security.

© 2010 Menas Associates

No comments:

Post a Comment