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Saipem Awarded Fertilizer Export Terminal Contract in Algeria

4:48 AM MDT | May 8, 2009 | Natasha Alperowicz

Saipem (Milan) has been awarded a contract worth about €200 million ($265 million) to build a marine export terminal for Sonatrach (Algiers). The terminal, which will be built near Arzew, Algeria, will handle export of urea and ammonia from new complexes that Sonatrach is building with joint venture partners. Saipem's scope covers engineering, procurement and construction with work scheduled to be completed within 23 months. Sonatrach is building two separate ammonia and urea complexes at Arzew. Sorfert, a 51-49 joint venture between...

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