Sonatrach seeks partner
State energy company Sonatrach is likely to seek an international partner to develop its proposed 300,000-barrel-a-day refinery at Tiaret, according to a source close to the project. In 2006, Algiers suspended plans to find a partner to take a 35 per cent stake in the development, estimated to cost $5,000 million-7,000 million. Theplans are back on the table following the completion of feasibility studies by HSBC and the US' Jacobs Consultancy earlier this year (MEED 24:8:07).
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