Middle East Economic Survey

VOL. LII

No 15

13-Apr-2009

ALGERIA

Sonatrach Signs Gas Supply Agreement With Second Arzew Fertilizer Joint Venture

Sonatrach announced on 8 April that it has signed a 20-year gas sales agreement with the Omani firm Suhail Bahwan Group Holding (SBGH), with which it has formed the joint venture company El-Djazairia El-Omania Lil Asmida to build a fertilizer plant at Arzew. Under the agreement, Algerias state energy firm will supply the $3bn plant with 2 bcm/year of...