French Highlights Oil and Gas

Sonatrach invests in Turkey a $ 1200 million project

Sonatrach : un pacte d’actionnaires pour réaliser un complexe pétrochimique en Turquie

Sonatrach has signed with the Turkish group Rönesans Holding, for the realization of a petrochemical complex for the conversion of propane into polypropylene with an annual capacity of 450,000 tons. Sonatrach and the Turkish group Rönesans Holding, in the presence of the Minister of Industry and Technology of Turkey, Mustafa Varank, signed a shareholders’ agreement for the construction of the complex. Abdelmoumen Ould KADDOUR, President and CEO of SONATRACH said at the signing ceremony: “This polypropylene production project with a recognized Turkish industrial partner is part of Sonatrach’s strategy of internationalization and diversification of activities that will allow better value our resources, secure our traditional markets and be present in a country whose petrochemicals represent the 14th largest chemical sector in the world. ”

The future project with a capacity of 450,000 tonnes per year of polypropylene will be carried out in the Cayhan region of Adana province in Turkey to meet the needs of the Turkish plastic market. SONATRACH will supply annually 550,000 tonnes of propane required for the project from liquefied petroleum gas (LPG) facilities in Algeria. This investment is worth a total of $ 1,200 million.

This project will allow SONATRACH to place its propane on the Turkish market through a long-term contract. it will also strengthen the existing economic relations between Algeria and Turkey. Polypropylene is a plastic material used in many industrial activities, including textiles, automobiles and pharmaceuticals.

 

Source: Imen Khemici / Energy Services Experts

 

Related posts

“Saidal” prend des mesures urgentes pour renforcer sa production de médicaments

Meissa Cheikh

Produits alimentaires : La facture d’importation recule de 15% en janvier 2020

Meissa Cheikh

Afrique : Le Covid-19 frappe durement les pays producteurs de pétrole

Meissa Cheikh

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More