VOL. XLVI

No 8

24-February-2003

ALGERIA

Algerias Naftec Sees Turnover Climb To $2.14Bn

Algerian refining company Naftec said that its turnover in 2002 totaled $2.14bn, which is up 5-7% on the previous years figures, according to an OPECNA report quoting Managing Director Salah Cherouana. In 2002 Naftec processed 21.3mn tonnes of crude at its four main refineries of Skikda, Arzew, Algiers and Hassi Messaoud, exporting 80% of its production. Mr Cherouana said that the company is spending $800mn on...