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AL24 News
Algeria Can Attract Long-Term Hydrocarbon Investment
The article discusses Algeria's efforts to attract long-term investments in the hydrocarbon sector through the launch of the international bidding round "Algeria Bid Round 2026," which attracted the interest of approximately 60 international companies, half of which have already accessed the technical data. The head of the National Agency for the Valorization of Hydrocarbon Resources, Abdelkader Chrafoui, confirmed that Algeria possesses strong fundamentals for investment in the upstream sector, including expertise, infrastructure, and a strategic location close to markets. He also emphasized the state's commitment to partnership, transparency, and competitiveness to enhance Algeria's position as an attractive destination for oil and gas investments.
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