ALGERIAN PM LAYS FOUNDATION STONE FOR NEW OIL REFINERY

TIARET,-- Algerian Prime Minister Abdelmalek Sellal on Thursday laid the foundation stone for the construction of a new oil refinery in the petrochemical industrial zone of Sidi Abed, in Tiaret, some 340 kilometres west of the capital, Algiers.

Sellal stressed the need to speed up completion of the refinery construction, so that it could be operational at least six months ahead of set deadline of 2020.

The Prime Minister also inspected work on a water resources facility being constructed for the installation of the refinery. Initially, it will be supplied with water from the Dahmouni Dam and later from a seawater desalination mega-plant El Mactaa when the latter is completed.

A total of 3.282 billion dinars (about 2.4 billion US dollars) was allocated for the refinery construction, which will produce various types of fuel.

In December 2014, the development work of the site which will host the refinery was started by the National Civil Engineering and Construction Company (GCB), a subsidiary of national hydrocarbons company Sonatrach.

The engineering study which took 12 months was assigned to an Italian-led consortium, Amec Foster Weeler, under a contract signed on March 7, this year. The refinery will be built on 500-hectare site at the 1,411-hectare petrochemical industrial zone of Sidi Abed.

Once operational, the refinery will support 1,500 jobs and produce five million tons of various types of fuel, including petrol, diesel and liquefied petroleum gas (LPG) for the domestic market.

Source: Name News Network