$466 million! Sinopec Luoyang signs EPC contract for MTBE project in Algeria
- This signing is only one month after the company signed the Algeria project last time.
- The project is expected to provide 3,500 jobs during the construction period
On May 19, 2022, Algeria, a consortium of general technology companies - Sinopec Luoyang Engineering Co., Ltd. and Algeria National Oil Company officially signed an EPC contract for the MTBE project, with a total amount of about 466 million US dollars. The signing comes less than a month after the Chinese technology company signed the EPC general contract for the boiler project in Algeria on April 30.
The project is located in Oran, the largest city and industrial and commercial center in western Algeria. The work includes the design, procurement, construction, installation, commissioning, technical support and quality of the MTBE (methyl tertiary butyl ether) complex and supporting facilities during the one-year operation. Guarantee. After the project is put into operation, the estimated production capacity is about 200,000 tons per year. Keywords: One Belt One Road, One Belt One Road News, One Belt One Road Project
Except for the ARZEW refinery's own use, the rest of the products will be sent to the Skikda and Alger refineries under the Algerian state oil company to meet the Algerian state oil company's demand for high-octane gasoline additive MTBE products, which will bring significant benefits to western Algeria. social and economic benefits. It can provide about 3,500 jobs during the construction period and about 200 jobs during the operation period.Editor/XuNing