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Algerian oil producer Sonatrach expects output, sales increase in 2021

January 27/2021

MOSCOW (MRC) -- Algeria's state oil and gas company Sonatrach expects to increase production and sales in 2021, the North African nation's state news agency cited Chief Executive Officer Toufik Hakkar as saying, reported Hydrocarbonprocessing.

The company will keep annual exports above 90 million tonnes of petroleum equivalent, by bringing onstream new fields in the south-west and the south-east of the country, he said, according to Algerie Presse Service.

As MRC informed before, in January 2020, Turkey and Algeria announced that they will jointly establish a petrochemicals plant in Adana on the Mediterranean coast. Turkeys Ronesans Holding and Algerias state-owned energy company Sonatrach will take part in the project, Arkab said on the margins of the Turkey-Algeria Business Forum. The petrochemical facility is estimated to cost around USD1.4 billion, according to the Algerian minister, who also said stakes of Ronesans Holding and Sonatrach in the project will be 66 percent and 34 percent, respectively. The facility is planned in Seyhan industrial zone for petrochemical development and will have production capacity of 450,000 tons per year of polypropylene (PP).

We remind that Russia's output of chemical products rose in November 2020 by 9.5% year on year. At the same time, production of basic chemicals increased in the first eleven months of 2020 by 6.6% year on year, according to Rosstat's data. According to the Federal State Statistics Service of the Russian Federation, polymers in primary form accounted for the greatest increase in the January-November 2020 output. November production of polymers in primary form rose to 896,000 tonnes from 852,000 tonnes in October. Overall output of polymers in primary form totalled 9,240,000 tonnes over the stated period, up by 17.1%  year on year.

According to MRC's DataScope report, PP imports into Russia increased by 21% year on year to about 202,000 tonnes in the first eleven months of 2020. Propylene homopolymer (homopolymer PP) accounted for the main increase in imports.


mrcplast.com
Author:Margaret Volkova
Tags:PP, crude and gaz condensate, homopolymer PP, propylene, ethylene, petrochemistry, Algeria, Russia, Turkey.
Category:General News
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