twitter Facebook Linkedin acp Contact Us

Energy

The agreement involves the design and build of its petrochemical complex in the Arzew Industrial Zone in Algeria. (Image Source: Adobe Stock)

Petrofac has entered into a definitive agreement with STEP Polymers SPA for the design and build of its petrochemical complex in the Arzew Industrial Zone in Algeria 


As previously announced (https://www.oilreviewafrica.com/downstream/downstream/petrofac-wins-petrochemical-project-in-algeria), Petrofac will deliver the US$1.5bn project with its joint venture partner China Huanqiu Contracting & Engineering Corporation (HQC), with Petrofac’s share valued at over US$1bn. The contract was signed at an official ceremony in Algiers by representatives of Petrofac, HQC and STEP.

Tareq Kawash, Petrofac’s group CEO, said, “I am delighted to be in Algiers alongside our partner and client to mark the official award of this pioneering project. Broadening Petrofac’s portfolio within the petrochemical sector, this contract builds on our 25-year track record of safely delivering strategically significant energy infrastructure in Algeria, while developing local workforces.”

The partnership is part of GEAPP’s impact goal to enable four million new mini-grid connection to reach 20 million people in Nigeria. (Image source: Adobe Stock)

The Global Energy Alliance for People and Planet (GEAPP), in collaboration with Chapel Hill Denham (CHD), has established a new local currency subordinated debt vehicle

There are multiple initiatives around building energy transmission capacities in the region. (Image source: Adobe Stock)

With southern Africa experiencing a serious power deficit which is taking its toll on economic productivity, multiple initiatives are underway to alleviate the crisis

Sun King’s portable solar phone charging. (Image source: Sun King)

The Beyond the Grid Fund for Africa (BGFA) has signed new agreements with energy service companies to support the expansion and scale-up of off-grid stand-alone solar home systems in Burkina Faso, Uganda and Zambia

The projects are expected to support around 1.600 jobs. (Image source: Adobe Stock)

The Export-Import Bank of the United States (EXIM) has approved a direct loan for more than US$900mn to the Ministry of Energy and Water of the Republic of Angola to support the construction of two photovoltaic solar energy power plants

More Articles …

Most Read

Latest news