A $400 million plant aimed at extracting liquefied petroleum gas was signed by the Algerian company “Sonatrach”.
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The logo of the Algerian state energy company “Sonatrach” during the exhibition of the World Gas Conference in Paris (archive).
Today, Thursday, the Algerian company “Sonatrach” signed a contract with an Italian company, to establish a plant to extract liquefied petroleum gas, at a value of 400 million dollars.
Sonatrach said in a statement today, Thursday, that “a contract was signed with the Italian company “Technimont” to establish a plant to extract liquefied petroleum gas, with a value of $400 million, in the Ghard El Pavel region in the south of the country.
The expected processing capacity of this plant is 10 million cubic meters per day of associated gas, which will allow the production of 1,000 tons per day of liquefied petroleum gas, 300 tons per day of condensate, and 8.7 million cubic meters per day of gas.
Sonatrach indicated that the construction of the plant will be completed within 36 months.
As part of the continuation of the hydrocarbon development efforts, the gas complex “Tin Foy Tebencourt” (a partnership between Sonatrach and France’s Total Energy) signed a contract with the Italian company “Arcad” for the construction of a new low-pressure unit and a collection network that allows the connection of 24 new producing wells with the current plant and the renewal of existing facilities “, according to a statement by “Sonatrach”.
The statement pointed out that this project “will allow maintaining the production threshold at the level of 11 million cubic meters per day, and the amount allocated for it is 24 billion Algerian dinars (regarding 170 million dollars) for an estimated completion period of 34 months.”
It is noteworthy that the Algerian company Sonatrach announced last July 25 the discovery of two gas fields and an oil field, in partnership with the Italian company Eni.
On July 19, the company had previously signed contracts with a number of foreign companies, including the American “Occidental”, the Italian “Eni”, and the French “Total Energies”, to invest in the energy sector at a value of 4 billion dollars.
