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ALNAFT Prepares for Its Next Bidding Round, Awaits Better Market Conditions

Source: www.gulfoilandgas.com 3/13/2017, Location: Africa

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Algeria’s energy regulatory agency ALNAFT is waiting for favourable market conditions to launch its next bidding round. Sid Al Betata, President of ALNAFT, was speaking ahead of the North Africa Petroleum Exhibition and Conference (NAPEC) to be held in Oran, Algeria in March this year.

Betata said that Algeria's hydrocarbon sector was underexploited and the country was planning to intensify efforts in this direction. Apart from the as yet unexplored areas, the reserves earmarked for development need to kickstart operations. He also stated that the reserves that are under development are not being explored to their full potential.

The President of ALNAFT stressed on the importance of partnerships in the efforts of the Algerian Government. NAPEC, according to Betata, will be an excellent opportunity to gauge the interest of industry players. “NAPEC offers an excellent platform to engage in dialogue and exchange information with all major players in the oil industry”, he said.

The 7th edition of the North Africa Petroleum Exhibition & Conferences (NAPEC) is set to bring thousands of oil and gas professionals, industry leaders, and decision makers to the region’s most influential oil and gas event. The event will include multi-disciplinary conferences along with an exhibition area that is set to attract more than 800 exhibitors representing 30 countries.

The 2017 edition of NAPEC provides the ideal platform to meet and explore partnerships with major National Oil Companies (NOCs). Prominent players attending NAPEC this year include Algeria's SONATRACH, Libya's National Oil Corporation, Egypt's EGAS and Tunisia's ETAP. Representatives of regional energy ministries and regional energy regulatory authorities like ALNAFT will also attend the event. Representatives of international oil companies like REPSOL as well as service organisations will have a presence at the event.

The region's most influential energy trade event will discuss how innovations in technology and the evolving energy supply mix are affecting the industry and making all players rethink their operational strategies.

The trade exhibition at NAPEC will showcase products, services and technologies in the upstream, midstream and downstream sectors.

The 2017 edition of NAPEC will be held at the Le Meridien Hotel and Convention Centre, Oran, Algeria, between 21 – 24 March.

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