Middle East Economic Survey

VOL. LII

No 9

2-Mar-2009

ALGERIA

Sonatrach Signs Gas Sales Agreement With Orascom, Despite Supply Concerns

Algeria is forging ahead with plans to develop its petrochemical industry around the Arzew export terminal, despite concerns about the availability of natural gas feedstock. State-owned energy firm Sonatrach last week signed a 20-year sales-purchase contract with Egypts Orascom Construction Industries (OCI) to supply 1.7 bcm/year of gas to the ammonia/urea plant...