ALGERIA

Algeria plans to build three greenfield oil refineries during 2015-19 and has also signaled its intention to complete six new petrochemicals plants in 2020. These downstream projects will be funded as part of Sonatrach’s $90bn 2015-19 oil and gas sector development plan.

Somewhat confusingly, given that interim Sonatrach chief executive Said Sahnoun told an industry summit in Algiers last week that the investment plan “will not be affected” by the recent plunge in...