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Monday, March 5, 2018
Sonatrach will invest in Turkey’s petrochemical sector, according to a statement by the Turkish president, Recep Tayyip Erdogan. The president said that the Algerian state-run firm would invest $1 billion in the coming years to set up a petrochemical plant in the country.
The plant, which will have a capacity of 450,000 tons of propylene per year, will be made possible thanks to the support of two major Turkish petrochemical companies, Ronesans and Bayegan, said the leader, according to a Reuters report.
“Algerian national energy company Sonatrach has signed a $1 billion petrochemical investment deal in Yumurtalik Adana Free Zone with leading Turkish companies Ronesans and Bayegan,” Erdogan said.
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