Further to the announcement of 18 May, Petrofac today confirms it has entered into a definitive agreement with STEP Polymers SPA (‘STEP’, a 100% subsidiary of Sonatrach) for the design and build of its petrochemical complex in the Arzew Industrial Zone in Algeria
Petrofac, leading a joint venture with petrochemical industry specialist, China Huanqiu Contracting and Engineering Corporation (HQC), has received notification of a conditional award by STEP Polymers SPA (100% Sonatrach subsidiary) to execute a significant petrochemical project in Algeria
The oil market, after a volatile year, still faces multiple headwinds, says Moin Siddiqi, economist
Owing to a state-led agenda to expand refining, storage and distribution capacity, and with plans to increase its refining capacity to 425,000 bopd, the Angolan economy is set to become a more lucrative and competitive investment space by revamping, modernising and liberalising its downstream sector
Engineering and maintenance services specialist Sparrows Group has secured a three-year contract to provide crane operations and maintenance services offshore Luanda, Angola
