Big Oil Set to Bid in Algeria’s New Oil and Gas Licensing Round

Algeria is set to soon announce a new oil and gas licensing round in which major international firms, including ExxonMobil and Chevron, are expected to take part. The OPEC member’s national development hydrocarbon agency, ALNAFT, will announce a new licensing round, looking to attract foreign investment and operators in its oil and gas sector, Algerian Energy Minister Mohamed Arkab said on Monday, as carried by Reuters. Apart from the U.S. supermajors, Italy’s energy giant Eni and China’s state-controlled Sinopec are also expected…