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Qatar Petroleum joins Algerian ethane project

August 09/2010

(El Khabar) -- Qatar Petroleum (QP) has joined the Franco-Algerian partnership of Frances Total and Algerias Sonatrach in a joint venture project to construct the ethane cracker in Arzew, western Algeria.

 

The US$5 billion project encompasses the construction of an ethane cracker and three product lines.

 

Initially, Sonatrach awarded a contract to Total to construct the ethane cracker where Total had a controlling 51% stake of the project and Algerias Sonatrach 49%. However new governmental regulations obliging local partners to control the majority of any JV project with foreign partners have forced the French oil giant to relinquish some of its share.

 

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Qatar Petroleum joins Algerian ethane project

 

 

 

 

 

 

 

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