Algeria receives 49 international offers on four new refineries
Algeria’s state energy firm Sonatrach said they are planning to stop importing refined products by 2018 and start exporting refined products instead of crude oil because it increases revenues more.
Sonatrach opened bids for international engineering firms last month on four petrochemical plants to be built in Algeria. It had also signed agreements with Italy’s Eni and France’s Shell to conduct feasibility studies for new petrochemical projects in Algeria, as part of the country’s plan to improve its foreign investment in the energy sector by building more refineries.
Algeria is also said to be planning a petrochemical partnership with Saudi Arabia’s SABIC. However, the details of the planned partnerships are not yet known.
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