Sonatrach

Algeria, China Sign $7 Billion Tebessa Fertiliser Production Deal

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Two Algerian companies along with two Chinese companies signed a Shareholders’ Pact for the creation of a joint-stock company under Algerian law to begin preliminary activities relating to the development of an integrated phosphates project (PPI). Algerian companies include Asmidal, a subsidiary of Sonatrach (Hydra, Algeria), and Manal. The Chinese companies include Wuhuan Engineering Co. … Read more

Turkey’s Rönesans, Algeria’s Sonatrach Sign Petchem JV

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Turkey and Algeria will jointly establish a petrochemicals plant in Adana on the Mediterranean coast, Algerian Energy Minister Mohammed Arkab told state-run Anadolu Agency. Turkey’s Rönesans Holding and Algeria’s state-owned energy company Sonatrach will take part in the project, Arkab said on the margins of the Turkey-Algeria Business Forum. The petrochemical facility is estimated to … Read more