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Algeria is preparing a new auction for foreign energy firms, an official said Wednesday, after the North African country awarded four out of 31 oil and gas field blocks last month in the first attempt to lure investors since 2011 .One of the winners, Italy's Enel, plans to invest $700 million at its four oil and gas blocks in Algeria in the next five to six years, Marco Arcelli, the company's executive vice president for upstream gas, said at the signing ceremony.Foreign oil executives have in the past complained about Algeria's tough contract terms, often-difficult business environment and security worries, especially after a 2013 attack on the Amenas gas plant killed 39 foreign contractors.Still, Statoil this month said the Amenas plant, which produced 11.5 percent of Algeria's gas output before the attack, was due to return to full production soon after improvements in security.
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