Middle East Economic Survey

VOL. XLVIII

No 8

21-February-2005

ALGERIA

Sonatrach Buys $45Mn LPG Carrier From Japans Namura

Sonatrachs subsidiary Hyproc on 7 February announced the purchase of a $45mn LPG carrier from Japans Namura Shipbuilding Co. The 22,500 cu ms carrier, to be delivered in 2008, will supply the local market as well as the Mediterranean and Northern European markets. Hyproc ordered another 22,500 cu ms LPG carrier worth $45mn from Namura in November 2004, which is due for delivery...