SOURCE: Industrial Info Resources

Industrial Info Resources

December 07, 2010 05:20 ET

Technip SA Secures $908 Million Refinery Expansion Contract From Algeria's Sonatrach, an Industrial Info News Alert

BANGALORE, INDIA--(Marketwire - December 7, 2010) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Sonatrach SpA (Algiers, Algeria), Algeria's state-controlled energy enterprise, has awarded a $908 million contract for the refurbishment and augmentation of its Algiers refinery to engineering and technology company Technip SA (EPA:TEC) (Paris, France). The contract includes capacity expansion of the refinery from 2.7 million tons per year to 3.6 million tons per year. The expanded refinery will produce gasoline and other products as per European specifications.

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