SOURCE: Industrial Info Resources

Industrial Info Resources

March 14, 2011 07:10 ET

Total S.A., Qatar Petroleum Invest in Algeria's Petrochemicals Sector, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - March 14, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Algeria continues to grow its petrochemicals sector, hoping to rival Egypt one day. As Egypt has a few decades' worth of infrastructure, it would only make sense to hasten the gap by inviting foreign investors. Algeria's largest company, Sonatrach (Algiers, Algeria), which was created to maximize the country's rich hydrocarbon resources, has established a joint venture with Total S.A. (NYSE:TOT) (Paris, France) and Qatar Petroleum (Doha, Qatar) to produce petrochemicals at its site in Arzew. The project has been discussed since 2005.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=175133, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to chemicalsgroup@industrialinfo.com or visit us online at www.industrialinfo.com.

Follow us on: Facebook - Twitter - LinkedIn