Algeria Launches 2026 Oil, Gas Bid Round to Attract Investors, Boost Output

Algeria has launched its 2026 oil and gas licensing round as part of efforts to increase production and attract foreign investment into its energy sector.

The announcement was made on Sunday at a ceremony in Algiers, attended by representatives of international energy companies. The bid round, tagged “Algeria Bid Round 2026,” will offer seven exploration blocks located in Ouargla, Illizi, Touggourt and El Bayadh, covering both oil and gas prospects.

According to the government, the blocks are believed to contain hundreds of millions of barrels of oil as well as significant volumes of natural gas.

The technical phase of the process is scheduled to commence on June 1, with access to tender documents and virtual presentations. This will be followed by data review sessions and clarifications running through October 31.

Interested investors are expected to submit bids by November 26, while contracts with state-owned energy firm, Sonatrach, will be signed on January 31 next year under production-sharing or participation agreements.

Speaking on the development, Hydrocarbons Minister, Mohamed Arkab, said the exercise would strengthen Algeria’s position in global energy markets.

He added that the initiative would also enhance energy security and reinforce the country’s role as a regional energy hub.

Algeria, a member of OPEC, has in recent years intensified efforts to expand its upstream oil and gas sector amid rising global demand for energy.