# 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.

- Type: Contract
- Announced: 2023-05-18
- Where: Arzew Industrial Zone, west of Algiers, Algeria
- Value: $1.50B
- Jobs: 6,000
- Status: announced
- Capacity: 550,000 tons of polypropylene per year
- Products: downstream oil and gas project
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Petrofac](https://endata.com/companies/1999.md)
- [Sonatrach](https://endata.com/companies/2355.md) (customer)
- [Sonatrach](https://endata.com/companies/2355.md) (investor)
- [China Huanqiu Contracting & Engineering Co Ltd](https://endata.com/companies/15830.md) (partner)
- [STEP Polymers](https://endata.com/companies/70392.md) (customer)

## Sources

- [reuters.com](https://www.reuters.com/article/markets/commodities/petrofac-led-joint-venture-receives-conditional-15-bln-contract-in-algeria-idUSL4N37F1HT/), 2023-05-18: "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."
- [nsenergybusiness.com](https://www.nsenergybusiness.com/contracts/petrofac-hqc-win-1-5bn-epc-contract-algerian-petrochemical-project/), 2023-05-19: "We are proud to be supporting our customer to deliver this strategic project."
- [rigzone.com](https://www.rigzone.com/news/algerias_national_oil_firm_awards_contract_for_15b_complex-14-jun-2023-173053-article/), 2023-06-14: "The project in Arzew Industrial Zone targets to produce 550,000 tons of polypropylene a year not only for domestic distribution but also for export to Africa, Europe and Asia."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.