Petroleum Africa
Find us on: 
Tuesday, January 14, 2020
Sonatrach, Algeria’s state-owned oil and gas concern, signed an engineering, procurement and construction (EPC) contract with Tecnicas Reunidas and Samsung Engineering. The contract involves a new refinery at Haoud El Hamra, in Hassi Messaoud.
The new plant will have capacity of 5 million tons per year (100,000 barrels per day). The price of the contract was put at 440 billion dinar ($3.67 billion) and construction will take just over four years, estimated to come online in May 2024.
Sonatrach said the new plant was part of its program intended to consolidate the production of fuels and lubricants for domestic needs in the medium to long term, in addition to exports.
“The signing of this contract confirms our desire to further develop our hydrocarbon resources into refined products,” said Sonatrach’s chairman and CEO Kamel Eddine Chikhi. This will “satisfy the needs of the national market” while also contributing to the “economic and social development of the country.”
The contract was announced at the end of 2019, with the companies signing off on the plan at a ceremony in Algiers. The plant will have seven main products, produced to Euro V specifications.
" alt="First LNG Realized at the Greater Tortue Ahmeyim Project">
" alt="United Energy Acquires Western Desert Producer APEX">
" alt="Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG">
" alt="ReconAfrica: Naingopo Results Demonstrate a Working Petroleum System">
" alt="Tullow Highlights 2025 Operational Plans in Ghana">
" alt="TotalEnergies to Supply 1.5 TWh to STMicroelectronics in France Over 15 years">
" alt="Rockhopper Reaches Final Settlement with United on Egypt’s Abu Sennan Concession">
" alt="Oil & Gas Crucial for African Growth: AEC Calls for Industry Support to Defend African Market">
