Petrofac JV wins $1.5bn contract for Algeria petrochemical plant
A Petrofac (LON: PFC) joint venture with China has won a $1.5bn contract for a petrochemicals plant in Algeria.
A Petrofac (LON: PFC) joint venture with China has won a $1.5bn contract for a petrochemicals plant in Algeria.
Sonatrach described the expansion project as one of its pivotal projects, which would help the company expand internationally.
โOur country has, in addition to the advantages in the energy sources from gas and oil, significant potential in the field of solar energy, a vast electricity network, and national and international natural gas transport infrastructure, as well as an industrial fabricโ, he said.
The company has also hired consultants to assess Algeriaโs shale and non-shale gas resources and consider its contractual terms.
Sasol and Sonatrach have teamed up to work on the production of low-carbon hydrogen and synthetic gas in Sicily.
Data from the European Union shows Algerian gas flows to Italy up 41% year on year in the third quarter of 2022.
Arkab, in a speech, said the country was indebted to those foreign and Algerian workers who had died in the attack.
It also noted that there was scope to develop hydrogen resources within the venture. There was discussion in December, during talks between Algeria and Germany, about the possibility of transporting green hydrogen via Italian links.
"For years, Honeywell neglected to implement sufficient internal accounting controls to mitigate against known corruption risks in countries like Brazil and Algeria," said Charles Cain, Chief of the SEC Enforcement Divisionโs FCPA Unit.
Medgaz wil carry out a study in 2023 on the possibility of blending hydrogen and gas in the pipeline, which runs from Algeria to Spain.
Eni and Sonatrach have ceremonially laid the first stone for a 10 MW solar photovoltaic (PV) plant at Bir Rebaa North (BRN), in southeast Algeria.
Sonatrach has signed a new memorandum of understanding (MoU) with Sinopec, with the aim of expanding the two companiesโ co-operation.
Eni has started production at two gas fields in its Berkine Sud contract in Algeria.
Sonatrach has confirmed a major construction contract with Petrofac, while moving ahead on gas negotiations with European offtakers.
Sonatrach has made an oil discovery in the Sbaa region, its first in the area for 28 years.
Petrofac (LON: PFC) has provisionally been awarded a contract for work on a major gas field onshore Algeria.
Eni has made another discovery in the Berkine North Basin, in Algeria, and it plans to fast track into production via existing facilities.
Spanish transmission operator Enagas has shrugged off disruption to Algerian gas flows via the Medgaz link.
Eni, TotalEnergies, Occidental Petroleum and Sonatrach have signed a production-sharing contract (PSC) extending control over two blocks in Algeriaโs Berkine Basin.
Sonatrach has struck a deal to supply Franceโs Engie with gas via the Medgaz pipeline.
Repsol has exercised its pre-emption rights to buy some of departing Edisonโs stake in the Reggane Nord project, in Algeria.
Saipem will challenge an Algerian conviction connected to a liquefaction project, with the Italian company denying the allegations against it.
Sonatrach has made a significant addition to its reserves at the Hassi RโMel licence.
Sonatrach and Thailandโs PTT Exploration and Production (PTTEP) have produced the first crude from the Hassi Bir Rekaiz licence in Algeria.
Sonatrach has signed a production-sharing contract (PSC) with Sinopec on the Zarzaitine concession, in the Illizi Basin.