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Algeria to double refining capacity within five years

04.09.2013  | 

Algeria's state-run energy group, Sonatrach, has said it plans to invest $80 billion in oil and natural gas projects until 2016 as it seeks to expand the gas resource base, boost refining and petrochemical capacity and curb dependence on imported fuel. The nation produced 1.16 million bpd of oil last month.

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By SUMMER SAID

DUBAI -- Algeria plans to double its refining capacity in the next five years to meet growing domestic demand and expand its petrochemical industry, Energy Minister Youcef Yousfi said Tuesday.

"The current refining capacity in Algeria stands at around 700,000 barrels per day, which will double in the next five years through completing six new refineries," Mr. Yousfi said, according to the official Algerie Presse Service.

"The increase in refining capacity will allow Algeria to meet its domestic needs until 2040 and develop petrochemical industries near the refineries," he added.

Algeria, a member of the Organization of the Petroleum Exporting Countries and holder of Africa's fourth-largest crude reserves, produced 1.16 million bpd of oil last month, the same as in February, according to a survey conducted by Dow Jones Newswires.

Algeria's state-run energy group, Sonatrach, previously said it plans to invest $80 billion in oil and natural gas projects until 2016 as it seeks to expand the gas resource base, boost refining and petrochemical capacity and curb the country's reliance on imported fuel.


Dow Jones Newswires



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Bernard Legrand
04.11.2013

Assuming that other parties involved in the propose expansion go along and forget the disaster of a few months ago. At this rate, investing in a muslem country may prove to be too great a liability for foreign investors.

Salah CHENNTOUF
04.10.2013

I am an engineering professional , graduated from Bradford University, U K, with 30 years experience (oil & Gas) in MENA region. During my career , I have gained in-depth knowledge in Technical and Engineering Writing including Project Presentation, Business Proposals, MOU, Terms of Reference, Project Planning , Project Technical Publications, Contracts,
Bidding & Strategic Documents, Training, and Operating Procedure Manuals. Fluent in English and French , highly experienced in Technical Translation from English into French, which is my first language.
My question is, does HPI, needs someone loc ated in Algeria, to write papers covering main events in the algerian oil & gas industry. If this proposal is of some interest to you, please do not hesitate to contact me, to discuss further this matter.
S Chenntouf
Mob : 213778304599
Residence : 21341643256
schenntouf@yahoo.fr

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