Total seals $1.5bn petrochemical plant deal with Algeria

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Total on Friday signed a $1.5 billion deal with Sonatrach to build a polypropylene plant in Algeria.

Sonatrach’s Chief Executive Officer, Abdelmoumene Ould Kaddour, made this known to reporters during a signing ceremony.

He said, “I’m happy to say that we will have petrochemical products, not just oil and gas.”

A Sonatrach official said, the plant in Arzew will have an annual production capacity of 550,000 tonnes of polypropylene and 650,000 tonnes of propane.

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