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State petroleum firm Sonatrach says it has attracted interest from 49 international firms for four refining projects worth a combined $6bn. The projects are part of a refining expansion intended “to stop importing refined products by 2018,” according to a Reuters report citing a company source.
The four projects are new refineries at Tiaret and Hassi Messaoud plus a hydrocracker and a naphtha reformer at the existing Skikda refinery. Here Sonatrach recently awarded basic engineering studies for the 4.6mn tons/year (84,000 b/d) hydrocracker and 4mn t/y (90,000 b/d) reformer to Spain’s Tecnicas Reunidas.
The two new refineries will each have 5mn t/y crude distillation unit (CDU) capacity (108,000 b/d presuming use of light Saharan Blend crude). In addition to these four projects, Sonatrach’s ongoing refining expansion plan also includes revamping projects at the existing Algiers and Hassi Messaoud plants and construction of a third new 5mn t/y plant at Biskra. (CONTINUED - 797 WORDS)
DATA INSIDE THIS ARTICLE
|chart||1: Algeria’s Refinery Runs Have Averaged 90% Of 650,000 B/D Capacity Since 2014...|
|chart||2: ...But Gasoline Outout From The Country’s Ageing Refineries Has Fallen (% Of Output)|
|table||Algeria Refineries Expansion Plan ('000 B/D)|
|chart||3: Algerian Crude Export Volumes Fall, Revenue Falls Further With Prices Also Down...|
|chart||4: …At Least Lower Prices Mean Spending On Product Imports Is Also Down (‘000 B/D)|
|table||Algeria Official Crude & Oil Products Output, Trade & Balance ('000 B/D)|