Algeria: Total and Sonatrach will launch a petrochemical project worthing $1.4 billion 1
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Nour Ben Omar
Monday 28 May 2018 Last update on Monday, May 28, 2018 At 1:40 PM

As stated by Total in a press release, the French company has recently made a deal with the Algerian state-owned corporation, Sonatrach, within the framework of their comprehensive partnership, announced in 2017. The agreement foresees the launch of engineering studies for a petrochemical project this summer, in Arzew, western Algeria. It will represent an investment of around $1.4 billion by both partners (Sonatrach 51%, Total 49%).

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