Algeria: “Algeria Bid 2026” launches 7 oil blocks and targets $60 billion in investments

Algeria launched the “Algeria Bid 2026” tender on April 19, 2026, covering seven exploration and production areas, according to the National Agency for the Valorization of Hydrocarbon Resources (ALNAFT). Bids are due by November 26, 2026, with awards expected on January 31, 2027. The Ministry of Energy reports a $50–60 billion investment plan to boost output, while hydrocarbons account for over 90% of export revenues, according to the World Bank.