QatarEnergy wins onshore exploration licence in Algeria
Doha
QatarEnergy has won an onshore exploration license in the People's Democratic Republic of Algeria as part of the 'Algeria Bid Round 2024', marking its first entry into Algeria's upstream sector.
The results of the competitive bid process were announced by The National Agency for the Valorization of Hydrocarbon Resources, awarding exploration and production rights for the onshore Ahara Block to a consortium comprising of QatarEnergy with an effective interest of 24.5 percent, TotalEnergies (the operator during the exploration phase) with an effective interest of 24.5 percent, and Algeria's national state-owned oil company 'Sonatrach' with an effective interest of 51percent.
Commenting on this award, Minister of State for Energy Affairs, President and CEO of QatarEnergy HE Saad Sherida Al Kaabi said, 'We are delighted to be awarded the Ahara Block, which marks our first entry into Algeria's upstream sector and further and expands our footprint in Africa.'
Al Kaabi added, 'I would like to take this opportunity to congratulate and thank the Algerian Ministry of Energy, Mines, and Renewable Energies and ALNAFT on the successful management of this bid round. We look forward to a successful and collaborative exploration endeavor with the Ministry alongside ALNAFT, Sonatrach, andTotalEnergies.'
Located in eastern Algeria at the intersection of the prolific Berkine and Illizi Basins, the Ahara Block covers an area of approximately 14,900 km².
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Qatar Tribune
2 days ago
- Qatar Tribune
Petrol, diesel prices go up in July
QatarEnergy announced on Monday the prices of fuel across the State of Qatar in July, with increases for diesel, Super Gasoline (95), and Premium Gasoline (91). Qatar Energy set the price per litre of diesel at QR1.95, Super Gasoline (95) at QR2, and Premium Gasoline (91) at QR1.95. (QNA)
Qatar Tribune
2 days ago
- Qatar Tribune
QatarEnergy announces July fuel prices
DOHA: QatarEnergy has released the fuel prices for July. Premium-grade petrol will remain unchanged at QR1.95 per litre, while the price of Super-grade petrol has increased to QR2. Diesel prices will also see a slight rise, set at QR1.95 per litre for the month.
Qatar Tribune
18-06-2025
- Qatar Tribune
QatarEnergy wins onshore exploration licence in Algeria
Tribune News Network Doha QatarEnergy has won an onshore exploration license in the People's Democratic Republic of Algeria as part of the 'Algeria Bid Round 2024', marking its first entry into Algeria's upstream sector. The results of the competitive bid process were announced by The National Agency for the Valorization of Hydrocarbon Resources, awarding exploration and production rights for the onshore Ahara Block to a consortium comprising of QatarEnergy with an effective interest of 24.5 percent, TotalEnergies (the operator during the exploration phase) with an effective interest of 24.5 percent, and Algeria's national state-owned oil company 'Sonatrach' with an effective interest of 51percent. Commenting on this award, Minister of State for Energy Affairs, President and CEO of QatarEnergy HE Saad Sherida Al Kaabi said, 'We are delighted to be awarded the Ahara Block, which marks our first entry into Algeria's upstream sector and further and expands our footprint in Africa.' Al Kaabi added, 'I would like to take this opportunity to congratulate and thank the Algerian Ministry of Energy, Mines, and Renewable Energies and ALNAFT on the successful management of this bid round. We look forward to a successful and collaborative exploration endeavor with the Ministry alongside ALNAFT, Sonatrach, andTotalEnergies.' Located in eastern Algeria at the intersection of the prolific Berkine and Illizi Basins, the Ahara Block covers an area of approximately 14,900 km².
