Middle East Economic Survey

VOL. XLVII

No 36

6-September-2004

ALGERIA

Sonatrach Increases Scope Of Port Expansion Contracts With FMC Technologies

Sonatrach has increased the scope of the offshore oil loading expansion contract agreed with US-based FMC Technologies by $29mn, bringing the total current contract value for the project to approximately $252mn. The contract, which was originally signed in late 2002, involved the construction of five offshore loading points for crude oil and condensate as...