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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.
Sonatrach, through its subsidiary Spa Polymers STEP, awarded a $1.5 billion engineering, procurement and construction contract to the HQC-PETROFAC consortium for a polypropylene complex in Arzew, Algeria. The plant will have a capacity of 550,000 tons per year.