ALGERIA

Sonatrach Plans 70% Hike In Refining Capacity

Sonatrach’s CEO Abd al-Hamid Zerguine says the state firm’s soon-to-be-unveiled refinery capacity expansion program will see the construction of “three or four” new refineries totaling 18mn tons/year (around 370,000 b/d) in crude distillation capacity. Total capacity will hit 44mn tons/year (900,000 b/d) with this target to be met over the “short to medium term,” Mr Zerguine told Algerian state news...