Sonatrach revises new refinery plan
State energy company Sonatrach has suspended plans to build a 300,000-barrel-a-day grassroots refinery at Tiaret in order to carry out a detailed review of the project's economic and technical viability. The decision puts on hold an international tender for a 35 per cent equity stake in the development. The future of the tender now depends on the conclusions of a pre-feasibility study into the scheme being carried out jointly by the UK office of the US' Jacobs Consultancy and HSBC . The ...
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