Petrofac-led JV receives conditional $1.5 billion contract from Sonatrach

A joint venture led by Petrofac with China Huanqiu Contracting & Engineering Corp received a conditional $1.5 billion award from a subsidiary of Sonatrach for a downstream project in the Arzew Industrial Zone, Algeria. Petrofac's share is over $1 billion.

“Petrofac said its share in the contract, a downstream project that will form part of the Arzew Industrial Zone in the west of Algiers, is over $1 billion.”reuters.com

• 3 sources
• reuters.comPetrofac-led joint venture receives conditional $1.5 bln contract in AlgeriaMay 18, 2023
• nsenergybusiness.comPetrofac, HQC win $1.5bn EPC contract for Algerian petrochemical projectBV SwagathMay 19, 2023
• rigzone.comAlgeria's National Oil Firm Awards Contract for $1.5B Complex | RigzoneJov OnsatJun 14, 2023

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