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Algeria Seeks Exploration Bids to End Oil, Gas Output Drop

Algeria announced plans to hold its biggest auction of oil and natural-gas exploration rights as the nation tries to check declining fuel production.

Africa’s largest gas producer set Aug. 6 as the deadline for companies to bid for permits to seek oil and gas in 31 plots making up a total area the size of Sweden. Bids will be opened that day in a public ceremony to choose the winners and contracts will be signed Sept. 5, according to an announcement on the website of petroleum regulator Alnaft.