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
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Petrofac wins petrochemical project 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
2023 forecasts for global oil demand
The oil market, after a volatile year, still faces multiple headwinds, says Moin Siddiqi, economist
Angola seeks liberalisation of its downstream market
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
Sparrows Group wins offshore crane operations contract in Angola
Engineering and maintenance services specialist Sparrows Group has secured a three-year contract to provide crane operations and maintenance services offshore Luanda, Angola