Sonatrach and Baker Hughes form joint venture for $45M oilfield equipment plant in Arzew, Algeria

Sonatrach (51%) and Baker Hughes, a GE company (49%), formed a new company to build a 20,000 sqm manufacturing facility in Arzew Industrial Zone, Algeria, for wellheads, Christmas trees, BOPs and valves, with an initial investment of USD 45 million and 200 local jobs, expected operational in December 2019.

“Through an initial combined investment of USD 45 million, the new company will provide manufacturing, assembly, and maintenance for various types of oilfield equipment including wellheads, xmas trees, BOPs and valves”bakerhughes.com

• 1 source
• bakerhughes.comSONATRACH and BHGE to Form New Company to Meet ...Nov 9, 2017

Summarized from public sources; check the original articles before acting on it.