The scope of the contract includes the design and build of two major integrated processing units. Credit: Photo smile via Shutterstock.com.

A Petrofac-led joint venture (JV) has secured an engineering, procurement, and construction contract worth nearly $1.5bn in Algeria.

The contract for a downstream petrochemical project has been awarded by STEP Polymers, a subsidiary of Algerian oil and gas company Sonatrach. 

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The London-listed oilfield services provider’s share in the contract is more than $1bn.

The other partner in the JV is China Huanqiu Contracting & Engineering.

To be located at the Arzew Industrial Zone in the west of Algiers, the project is expected to produce 550,000 tonnes of polypropylene per year.

See Also:

The scope of the contract includes the design and build of two major integrated processing units.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The JV will also be responsible for the delivery of a new propane dehydrogenation unit and polypropylene production unit.

Furthermore, the Petrofac-led JV will also deliver associated utilities and infrastructure for the facility.

Petrofac group chief executive Tareq Kawash said: “We are proud to be supporting our customer to deliver this strategic project. Algeria is a core market for Petrofac and we are committed to supporting the long-term delivery of critical infrastructure as the country plays an increasingly important role as a major energy producer and moves into major petrochemical projects.”

Petrofac Engineering & Construction division chief operating officer Elie Lahoud said: “The award of this major project builds on Petrofac’s 25-year track record of successfully supporting Algeria’s energy industry.

“As our client responds to the world’s increasing demand for petrochemical products, we are looking forward to developing our breadth of experience in-country through the safe and timely delivery of this project.”

Petrofac has operated in Algeria since opening its first office in Algiers in 1997.