Article length: 625 words

Algeria: Sonatrach speeds up refinery development to achieve self-sufficiency

Sonatrach president and chief executive Abdelmoumen Ould Kaddour has accelerated the national refinery development programme with the issue of an engineering, procurement and construction tender to build a new refinery in Hassi Messaoud. In a more surprising move, Sonatrach has also been linked to the purchase of a refinery in Italy as it rethinks its long-term strategy.The Hassi Messaoud tender is intended to underpin government plans to make Algeria more self-sufficient at a time when the cost of fuel and other imports has put heavy pressure on the balance of payments.

Go to full article

Credit value: 8

African Energy Gulf States Newsletter