VOL. XLI

No. 22

1-June-1998

ALGERIA

Sonatrach And Spain's Fertiberia Sign $500Mn Deal For Phosphate Plants

Algeria's Sonatrach and Spain's fertilizer company Fertiberia signed on 27 May inAlgiers an agreement to build three phosphate and by-products units. Fertiberia willprovide $500mn to set up these projects. The sites will be located in the westernprovinces of Djebel El Onk, Annaba and Arzew. Phosphate deposits in the region areestimated at around 2bn tons.

Earlier this year two Sonatrach...