Vietnam joins int'l bidding for oil and gas exploration in Algeria

Policies in Action

Vietnam joins int'l bidding for oil and gas exploration in Algeria
Currently, PVEP is involved in oil exploitation at Blocks 433a and 416b of the Bir Seba field in the Hassi Messaoud area, Ouargla province, located more than 600 km south of Algiers. The project stands as one of Petrovietnam’s most successful overseas ventures, demonstrating the operational capacity and technical expertise of Vietnamese engineers on the global stage.
Algerian officials, representatives of foreign embassies, and numerous global oil and gas companies attend the Bid Round. (Photo: VNA)

Algiers (VNA) – Vietnam is stepping up its global energy engagement as it participates in an international bidding round for oil and gas exploration in Algeria.

The launch ceremony, held on April 19 at the International Conference Centre in Algiers, was organised by Algeria’s National Agency for the Valorisation of Hydrocarbon Resources (ALNAFT), marking the opening of bids for exploration rights across seven oil and gas blocks. The event drew participation from major global energy companies, including Petrovietnam Exploration Production Corporation (PVEP), a subsidiary of the Vietnam National Industry – Energy Group (Petrovietnam).

ALNAFT described the Bid Round as a key step in Algeria’s national strategy to enhance resource efficiency, strengthen transparency, and attract foreign investment into its energy sector.

The “Bid Round” mechanism allows both domestic and international oil and gas firms to submit proposals and compete for exploration rights, in compliance with Algeria’s legal framework and international standards on transparency and competitiveness.

Algerian authorities expect the initiative to broaden the participation of global energy corporations, thereby improving extraction capacity and increasing value across the oil and gas supply chain. Algeria now ranks among the world’s leading energy producers and exporters, placing fifth in natural gas production and second in exports, as well as 13th in oil production and ninth in exports.

At the Vietnam–Algeria Economic Forum held in November 2025, PVEP and the national state-owned oil company of Algeria Sonatrach signed a memorandum of understanding to expand cooperation in oil, gas and energy. The agreement outlines collaboration in exploration and production, crude oil and LNG trading, downstream industry development, technical services, human resources training, research and innovation, as well as carbon capture and emissions reduction initiatives.

Currently, PVEP is involved in oil exploitation at Blocks 433a and 416b of the Bir Seba field in the Hassi Messaoud area, Ouargla province, located more than 600 km south of Algiers. The project stands as one of Petrovietnam’s most successful overseas ventures, demonstrating the operational capacity and technical expertise of Vietnamese engineers on the global stage./.

# Vietnam int'l bidding # oil and gas exploration

Related News

Vietnam cuts petrol, oil taxes until mid-April

Prime Minister Pham Minh Chinh has approved temporary tax reductions on petrol, oil and aviation fuel, with the environmental protection tax set at 0 VND per litre from March 26 to April 15, 2026.

See Also

Party Central Committee stresses significance of cultural development

Party General Secretary To Lam has issued Conclusion 18 on the outcomes of the second meeting of the 14th Party Central Committee, outlining key directions for the 2026–2030 socio-economic development plan towards double-digit growth. The Central Committee called for building and developing an advanced Vietnamese culture imbued with national identity, aligned with national, cultural and family value systems, as well as Vietnamese human standards.

Vietnam a proactive, responsible partner in promoting parliamentary cooperation

NA Chairman Tran Thanh Man’s working trip to Italy and Türkiye achieved important and comprehensive results at both bilateral and multilateral levels. It not only highlighted a proactive and responsible Vietnamese National Assembly with active and practical contributions to the IPU, but also created new momentum to deepen relations with key partners, including in Europe and the Middle East.

Party Central Committee prioritises education reform, talent development

Party General Secretary To Lam has issued Conclusion 18 on the outcomes of the second meeting of the 14th Party Central Committee, outlining key directions for the 2026–2030 socio-economic development plan towards double-digit growth. The Party Central Committee calls for the continued, resolute and effective implementation of resolutions and conclusions, with a focus on key tasks, particularly modernising the national education system, improving training quality, and attracting and utilising talent.

Green production, standardised value chains key to fruit, vegetable sector growth

Facing mounting pressure from increasingly stringent domestic and international standards, Vietnam’s fruit and vegetable sector is accelerating its shift toward green, safe, and sustainable production models. Beyond changing farming practices, localities and businesses are stepping up efforts to standardise value chains and build brands to achieve growth targets for 2026.