Embassy of Algeria in Sofia | Bulgaria > News > Economy & Business > Sonatrach, Total sign MoU on petrochemical project
Sonatrach, Total sign MoU on petrochemical project
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.
Categories
Recent Posts
- Ambassador MEHILA Messaoud, presents Mrs. Lyubka ALEXANDROVA with a selection of photographs
- The Embassy of Algeria in Sofia awarded for its Cultural Activities
- Mr Attaf, Equatoguinean counterpart hold talks
- Mr Attaf holds talks with CEO of AUDA-NEPAD
- The Minister Attaf, President of PAP holds talks