Gulf Oil and Gas accountACCOUNT

Sonatrach & Spanish Villar Mir Sign 2 Agreements in Petrochemistry

Source: Algeria Times 5/1/2014, Location: Africa

National Hydrocarbon Company, Sonatrach, and Spanish Group Villar Mir, partners since 2005 in two fertilizer production plants in Annaba and Arzew, signed two agreements on the development of their activities in Algeria, Sonatrach announced in a release.

The first agreement concerns the revision of some provisions of the partnership agreement ruling Fertial, a joint venture which 66% stake is held by Group Villar Mir and the remaining 33% stake by Asmidal, Sonatrach fully owned subsidiary.

It aims at "re-balancing the economic and operational interests of the two parties."

Fertial, which annual capacity averages one million tonne ammonia, produces in the two industrial sites, based in Annaba and Arzew.

The joint venture has gained considerable market shares in both the export and the domestic market with an initial investment of $ 170 million which has enabled it to position itself as leader in the Mediterranean basin and second in the Arab world, behind Saudi Arabia.

Moreover, the second agreement signed by Sonatrach and Villar Mir concerns the revival of El Bahia Fertilizer project, meant to produce e 1.1 million tonne ammonia per year, the same source said.

The agreement will allow the effective kick-off of El Bahia Fertlizer, ruled by a joint venture create in 2006 between Sonatrach and Fertiberia, subsidiary of Group Villar Mir.

"The parties welcomed the agreement, which will give a new impetus to their partnership in the field of fertilizers and will satisfy the demand of the domestic agricultural sector at competitive prices," the release concluded.



Petrochemicals News in Algeria >>

Iran >>  1/15/2020 - The chairman of the HNT Holding Company announced inauguration of a 40,000-ton hexane, 10,000-ton pentane and 7,000-ton heptane petrochemical plants i...
Iran >>  1/15/2020 - The CEO of Takht Jamshid Petrochemical Plant said the company’s second phase would render Iran needless of importing the raw materials needed for prod...

Iran >>  1/14/2020 - Iran has launched Phase 2 of Takht Jamshid Petchem Plant in Mahshahr, southwestern Iran, which is a major supplier of high-value rubber grades. ...
Iran >>  1/11/2020 - Dozens of petrochemical plants are under construction in Assaluyeh, southern, Iran, by relying on domestic capabilities and developers. ...

China >>  1/9/2020 - INEOS Styrolution, the global leader in styrenics, has announced plans to build a world-scale ABS plant in Ningbo, China. The new production site will...
Iran >>  12/28/2019 - Iranian Investment Petrochemical Group (PETROL) has signed an agreement to develop a melamine production park in the northeastern province of Urmia. ...

Related Categories: Agents, Anti-foaming  Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Grout  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Summer Diesel  Surfactants 

Related Articles: Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Surfactants 


Algeria Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.