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Algeria: Investment at home and abroad
Sonatrach and Turkey’s Ronesans Holding have announced they are to invest $1.2bn-$1.3bn to build a polypropylene plant in Ceyhan industrial zone in southern Turkey. Ronesans chairman Erman Ilicak said the plant would produce 450,000 t/yr of polypropylene, with propane gas to be supplied by Sonatrach under a 15-year contract.The contract points to a shift in strategy by Sonatrach, which earlier this year announced a refinery project in Italy, which will take Algerian feedstock.
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