VOL. XLI

No. 02

12-January-1998

ALGERIA

Sonatrach Subsidiaries Form Fertilizer Company With Spain'sFertiberia

Two subsidiaries of Algeria's state-owned hydrocarbon companySonatrach - Asmidal and Ferphos - have signed an agreement with the Spanish fertilizercompany Fertiberia covering the establishment of a new fertilizer company. Initialinvestment will amount to $500mn, of which Fertiberia will cover 60% and the remaining 40%will be provided by Asmidal and Ferphos. The company plans to produce...