The state energy company Sonatrach has announced plans to invest EUR 45 billion in new oil and gas projects in the coming 5 years with several billion euros' worth of new projects announced in the past few weeks alone. Most of these projects are focused on export, transport and treatment.
These include a EUR 1 billion gas pipeline project to boost the capacity of the Hassi R'Mel field to 9 billion cubic meters a year, eventually supplying a new liquefied natural gas terminal and the planned Galsi pipeline to Italy. The contract was awarded to a consortium including Saipem and Petrojet.
A further EUR 1.1 billion project was awarded to JGC Corporation and a consortium led by ABB/Sarpi to develop the Gassi Touil field, while a EUR 770 million contract for a new gas treatment facility at the Hamra gas field was also awarded to Canadian contractors SNC Lavalin.
(Sourced from http://www.steelguru.com/news/index/2009/07/15/MTAyMjMz/Sonatrach_plans_to_invest_EUR_45_billion_in_oil_and_gas_projects.html)
Tuesday, July 14, 2009
Sonatrach plans to invest EUR 45 billion in oil and gas projects
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