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Petrofac led JV selected for US$1.5 billion EPC project in Algeria

5/18/2023

Press Release- Petrofac     A Petrofac-led joint venture has been notified of a conditional award by STEP Polymers SPA (100% Sonatrach subsidiary) for a petrochemical engineering, procurement and construction (EPC) contract valued at approximately US$1.5 billion This is a significant downstream project, which will form part of the Arzew Industrial Zone, located west of Algiers, supporting Algeria’s energy strategy The award broadens Petrofac’s portfolio within the petrochemical sector and builds on its 25-year track record in Algeria Petrofac, leading a joint venture with petrochemical industry specialist, China Huanqiu Contracting & Engineering Corporation (HQC), has recei

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