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Article: Algeria says improves terms for oil, gas bidders.
- Article from:
- UMCI News (Potomac Falls, VA)
- Article date:
- July 28, 2009
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Summary: Algeria said on Monday it had improved the terms of its latest oil and gas licensing round after a previous round attracted lacklustre interest from foreign firms.
AaAlgeria said on Monday it had improved the terms of its latest oil and gas licensing round after a previous round attracted lacklustre interest from foreign firms.
Algeria, the world's fourth biggest gas exporter and eighth biggest exporter of crude, is inviting investors to bid for exploration and production rights in 10 areas it says have high potential for oil and gas resources.
"We have taken into consideration the remarks and suggestions made by foreign companies for this ...