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BP to Invest 300m Dollars in Oil, Gas Exploration in Algeria

Posted on: Wednesday, 30 November 2005, 15:00 CST

Text of report by Algerian TV on 30 November

British Petroleum [BP] intends to invest 300m dollars in oil and gas exploration in the three blocs the company won in April this year in the sixth tender issued by the Algerian oil and gas company Sonatrach

. These three blocs are in Hassi Matmat, in the Illizi Basin; the second in southeast Illizi and the third in Bourarhet- South, also in the Illizi Basin.

Source: BBC Monitoring Middle East

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