Middle East Economic Survey


No 46



Itochu And Mitsui Win Sonatrach Order For 75,000 Cu Ms LNG Carrier

Sonatrach announced on 31 October it had signed a contract worth $160mn with Japanese shipyards Itochu and Mitsui for the construction of a 75,000 cu ms LNG tanker, with an option for a second. Sonatrach also signed an agreement with the French bank Caylon for the financing of 75% of the cost of the tanker. Sonatrach, which recently acquired two other LNG tankers,...