Algeria’s Recent Oil Exploration Bid Round: Not Enough Takers and Why

Posted On 4 December 2014

Number of times this article was read : 69
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From Shield & Alert:
Senegal at the Center of Another Geopolitical FightMali: Al Qaeda attacks rebel convoy in the Ouagadou forestFrom a Russian Grain Export Onslaught to a Ban on French Cattle: Agricultural Trade Between France and Algeria in StandstillNiger and Algeria recall their ambassadors over undocumented migrantsSenegal: Disgraced President leaves office to find shelter in MarrakeshMorocco: Health workers go on strike, demand implementation of reformsAlgeria: President announces early election, no one knows whyAlgeria: Beware of forgery. New law seeks to reduce fraud and white collar crimeMorocco: Price of butane gas to increase by 25% in AprilUS-Niger relations face uncertainty, with Niamey’s pivot to RussiaBrief: Tunisia: The Lazy GovernorsAlgeria: Opposition leader Zoubida Assoul announces presidential bidAgriculture: Spanish farmers say Moroccan strawberries carry virus, as Morocco surpasses Spain as tomato supplier to EUBloody Sunday: The indiscriminate killing of Muslim and Catholic worshipers in Burkina FasoNiger and Mali up their anti-Western positions, lash out at France and USNiger: Two soldiers killed in insurgent attack in DiffaMali: Katiba Mecina insurgents raid military camp in Niono, repelledSenegal’s outgoing president prepares for disgraced exitAlgeria-Morocco Competition for Regional Influence Shifts to Economic AffairsLibya: Bank and power company employees detained over separate corruption affairs

Statoil resumed its work in the In Amenas site on September 2014, and expanded a bit more by winning a Timissit Permit License in the Illizi-Ghadames Basin onshore Algeria, in partnership with Shell. The license is located in southeastern Algeria, not too far from the Libyan border, covering an area of 2,730 square kilometers. Statoil will be the operator, owning 30% equity, Shell will hold 19% and, per the Algeria law known as 51%/49%, the remaining 51% will be held by Sonatrach. Continue here.

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The North Africa Journal is a leading English-language publication focused on North Africa. The Journal covers primarily the Maghreb region and expands its general coverage to the Sahel, Egypt, and beyond, when events in those regions affect the broader North Africa geography. The Journal does not have any affiliation with any institution and has been independent since its founding in 1996. Our position is to always bring our best analysis of events affecting the region, and remain as neutral as humanly possible. Our coverage is not limited to one single topic, but ranges from economic and political affairs, to security, defense, social and environmental issues. We rely on our full staff analysts and editors to bring you best-in-class analysis. We also work with sister company MEA Risk LLC, to leverage the presence on the ground of a solid network of contributors and experts. Information on MEA Risk can be found at www.MEA-Risk.com.

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