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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. Turkey’s Ronesans
Holding and Algeria’s 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. |
