Algeria is preparing to launch an oil and gas bid round under its new oil law by the first quarter of 2023 as it seeks to reinvigorate its long-overlooked upstream sector, the head of its licencing body Alnaft told MEES at the Adipec conference this week.

“We have in mind to offer about 10-12 blocks… we are preparing the technical package at the moment,” Mr Nour Eddine Daoudi said. (CONTINUED - 985 WORDS)