Algeria Awards Oil Licenses to Boost Gas

Total, Eni, Sinopec win bids.
Licenses granted for gas blocks.
Covers Illizi and Reggane regions.

June 17 marked bid closure.
Algeria hosted global energy tender.
Aim: attract more foreign investment.

ALNAFT confirms five licenses awarded.
Exploration, production rights now granted.
Covers multiple gas-rich basins.

Output goal: 200 billion cubic.
Current gas: 106 billion yearly.
Plan spans over five years.

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