Algeria attracts energy investors as oil revenues fall| MENAFN.COM

Monday, 08 August 2022 03:50 GMT

Algeria attracts energy investors as oil revenues fall

(MENAFN) After a decline in oil prices, Algeria's Sonatrach is moving plan to provide foreign companies direct discussions to buy shares in 20 oil and gas fields to attract investors.

Furthermore, Algeria is a key gas producer to Europe, which will discuss energy investment chances in Algeria as EU leaders look to expand from Russian gas.

The country's energy potential is not in doubt, but tough conditions on production-sharing contracts and other problems will make the nation less attractive prospect.

The firm is focusing on maximizing output at its mature fields and looking for foreign partners for tech, that effort centers on Hassi Massoud.

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