Algeria has shed further light on its ambitious petrochemicals plans which include the construction of six new plants over the medium term in an attempt to meet domestic demand and reduce the import bill.

During a televised discussion on 10 August, state firm Sonatrach’s downstream chief Miloud Amara said the group is allocating $11bn to its Refining & Petrochemicals division under its 2022-2026 spending plan worth $40bn (MEES, 4 February). (CONTINUED - 352 WORDS)