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Regions :: Africa :: Algeria
Total-Sonatrach Petchem JV Delayed by Two Years
January 26, 2009
Completion of a previously announced $3-billion petrochemical joint venture between Total Petrochemicals and Sonatrach (Algiers) has been delayed by two years until 2014, CW has learned (CW, July 25, 2007, p. 17). Total has a 51% stake in the jv at Arzew, Algeria, and Sonatrach has the rest. The delay has been caused by “longer than planned” implementation of the project rather than the petchem industry downturn, Total says. The detailed scope of the project is “now completely fixed, and the selection of the technologies is at a very late...
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