Arkab: The new hydrocarbon law made Algeria attractive to investment in the field of energy – Algerian dialogue

Nasira Sayed Ali
The international tender related to the round of Algerian licenses was established to explorate the “Al-Juria in the hand of Round 2024” related to the initial results of three international companies active in the field of oil, namely “Zangas Philada”, the Swiss-Swiss, and “Total Energy- Qatar Energy, and” Zabak “Chinese, which competed for 6 competition projects where 5 projects were chosen, and exploration areas relate to” great bidder “in The states of Ouargla, Ghardaia, and Al -Mania, “Aarra” in the state of Elizi, “Raqqan” in the state of Adrar, and “Zaraaa” in the states of Adrar and Ain Saleh, “Throughout” in the states of Ouargla and Elizi, and “The Horn of Story” in the states of Bashar, Bani Abbas, Al -Bayd and Timimon ..

The Fuel Law established a new vision to invest in the field
In this regard, in his speech, upon his supervision of the opening of the works of opening the envelope within the Algerian tour to grant exploration licenses, “Al -Ijeria is in the hands of Round 2024”, which the National Agency for the Valuation of Fuel Resources, the Minister of Energy and Mines, Mohamed Aqab, said that the new law of hydrocarbons and by simplifying the tax system and granting the flexibility of the largest contractual chart a clear vision for a more open future for companies that are in the country’s interests, and can be at the time The same foreign partners are to achieve acceptable economic results in a way that ensures the feasibility and cost -effectiveness of the two parties, which is what we see today through the qualitative participation of a group of international energy companies.

The tour came in a promising economic context
Minister Akarb emphasized that this tour comes in a promising economic and legislative context, translated through the deep reforms that the state initiated under the leadership of the President of the Republic, Abdul Majeed Taboun, especially through law 19/13 related to fuel/Law 22/18 of July 24, 2022, related to investment, which according to which he established a new legal and institutional framework, motivated and attractive, provides strong guarantees And high transparency for investors, and responds to the requirements of the new economic stage in our country, and that its organization was within a clear agenda that extends over five years, constitutes a positive indication of stability and confidence, and the methodology used to display technical data via virtual and physical “data rooms”, and expanding the scope of participation demonstrates its commitment to the principle of transparency and justice in granting contracts, and once again confirming Algeria’s endeavor to strengthen Its strategic partnership based on mutual benefit, technology transfer and local content promotion, and that the six areas offered within the framework of this tender, enjoy promising physiological capabilities and advanced infrastructure, and that they are fully in line with Algeria’s vision in determining its precautions and increasing its production capabilities, and achieving its energy security, while continuing to supply international markets, especially European in a reliable and regular way, calling on the current partners And the potential to seize the distinguished opportunity and contribute to the success of this strategic path, through which we aspire to a productive and varied national economic building.

Algeria is a positive results and has international confidence
In this regard, in his announcement of the final results during the decrees of depositing and opening the envelopes and evaluating the offers in the international tender related to the tourist license tour, yesterday at the Ministry of Renewed Energy in Valley Hydra, yesterday, Mourad Bejham described the head of the National Agency for the valuation of fuel and oil resources in Algeria this deal with positive, and that the beautiful thing in the matter is that he was borne by the Algerian energy sector with 3 foreign companies for the first time, pointing to The process continues and new foreign oil companies will be brought to Algeria in the future.
This, and the same person said in accordance with the provisions of Article 42 Law 19/13 organized related to hydrocarbon activities, costs the National Agency to value fuel and oil resources in Algeria to upgrade investment related to source activities as well as organizing competitions for source activities, while renewing the applicable qualification standards and procedures for providing and evaluating offers, and moreover the same speaker adds that Article 90 is that fuel contracts are concluded from Before the contracting parties, following the preparation of the organized competition by the aforementioned body, which determines, as the rules that govern the announcement of the competition, as well as the conditions, how to submit the offers and choose them for the conclusion of the fuel contract.

42 candidates expressed their interest in the tender “Al -Ijaria in the hands of Round 2024”
The number of those who expressed their interest in the tender “Al -Garia in the hands of Round 2024”, according to Murad Bejham, reached 42 candidates, and 38 of them signed the secret agreements and got the entry to me, while the number of candidates who managed to obtain the tender documents reached 30 candidates, and 17 of them were able to enter the data room, and that the competition invitations were prepared for 17 projects to compete from the committee In charge of the topic, 6 of which were chosen for the competition, where the tender was launched on November 6, 2024, and on the 26th of the same month the entry was opened to the data room sessions and the beginning of the clarification sessions, and this room was closed on March 27, and that fuel contracts will be signed on the 30th of July as the maximum period