Sonatrach, Total sign MoU on petrochemical project

May 14th, 2018

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APS : Saturday, 12 May 2018

ALGIERS- National hydrocarbon company Sonatrach and French group Total signed Friday, in Algiers, a memorandum of understanding (MoU) for the construction, development and operation of a complex for propane
dehydrogenation and polypropylene production.
The complex, an investment of USD1.5 billion, will be built in Arzew, Oran (432-km west of Algiers).
It will produce 550,000 tonnes a year of polypropylene.
The memorandum of understanding provides for the creation of a joint venture to carry out the project.