Algeria has launched a fresh round of international investment tenders to boost its hydrocarbon industry. The National Agency for the Valorization of Hydrocarbons (Alnif) is set to introduce the Algeria Bid Round 2025 in October, aiming to attract global investors and enhance oil and gas exploration efforts.
According to Merad Beljham, the head of Alnif, the agency has a five-year roadmap focused on developing the country’s mining sector. The preparation phase for the upcoming tender will begin in April, with plans to offer between four and six exploration zones to investors. In previous tenders, Alnif identified 17 hydrocarbon projects, with the first round featuring six exploration sites.
The primary goal behind these efforts is to revitalize Algeria’s oil and gas sector, which has faced stagnation in production levels. Beljham highlighted that 240 hydrocarbon discoveries remain undeveloped, making it crucial to advance projects that will tap into these resources. So far, 37 international companies have shown interest in participating—exceeding the agency’s initial expectations of 30—demonstrating strong investor confidence in Algeria’s energy potential.
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Hydrocarbon potential
Interest in Algeria’s hydrocarbon sector has been expressed by companies from North America, Europe, Asia, Qatar, and Oman. Beljham stated that ongoing studies are expected to reveal promising hydrocarbon reserves in designated exploration areas, further enhancing investment prospects.
In a key development, Alnif has entered into a strategic agreement with Chevron, a major U.S.-based oil company, to analyze hydrocarbon potential off Algeria’s coastline, where water depths reach up to 2,700 meters. The findings from this study will help determine viable areas for future investment. Additionally, results from another ongoing study, set to be released in June, are anticipated to highlight further potential in regional hydrocarbon reserves.
Beyond attracting immediate foreign investments, Algeria aims to lay the groundwork for long-term growth in the energy sector. Looking ahead to 2025, Alnif plans to finalize around 10 contracts annually, reinforcing the country’s commitment to expanding its oil and gas industry.
Through strategic partnerships, technological advancements, and a proactive investment approach, Algeria is positioning itself as a key player in the global energy market. The country’s ongoing initiatives reflect a clear determination to boost production, attract foreign capital, and secure a leading role in the international oil and gas landscape.
