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.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- COVID-19 resurgence weighs on polymer sentiment in Vietnam
- Stats: Turkey’s H1 polymer imports defy pandemic, hit all-time high
- Stats: China’s total PP, PE imports set a new record in H1 2020
- Lackluster demand outweighs tightness in Asian ABS markets
- Will costs drum up support for a 3rd-month-firming in Europe PET market?
- Import PE markets give softening signals in China, SE Asia
- PVC supplies tight, demand robust across Europe
- China’s local PP, PE markets snap nine-week rally
- Turnarounds keep PP supply tight in SE Asia
- European PP market sees step backs from initial July offers