Middle East Economic Survey


No 18



Algeria To Almost Double Refining Capacity by 2013, Says Sonatrach V-P

Algeria is looking to almost double its refining capacity over the next five years to meet local oil demand, which is rising by more than 5% annually, and boost product exports. The state energy firm Sonatrach plans to do so by modernizing and expanding its existing refineries and building new ones. But those downstream plans have suffered from the soaring...