Algeria: Alnaft criticised following fourth licensing round failure
In depth
Issue 286
- 10 Oct 2014
| 5 minute read
The failure of the fourth licensing round in seven years to attract substantial interest from international oil companies (IOCs) presents the energy authorities with a quandary. They must either introduce reforms to commercial terms and operating conditions to re-engage exploration companies’ interest, or rely on state oil and gas company Sonatrach taking over full responsibility for identifying and developing badly needed additional reserves. Both options are fraught with difficulty, but they remain the only routes available to alleviate the macroeconomic pressures caused by the growing gap between production capacity and likely future demand.
Don't have an account?
Register for access to our free content
An account also allows you to view selected free articles, set up news alerts,
search our African Energy Live Data power projects database and view project locations on our interactive map
Register