Korea's Samsung Engineering has bagged a major contract worth US$2.6 bln from Algeria's National Oil Company Sonatrach for the modernization of its oil refinery, located in the Skikda region. This is the largest plant order to be given to a Korean contractor from North Africa's resource abundant country Algeria. Through its rehabilitation and modernization, the largest refinery plant in Algeria will have its refining capacity increased up to 330,000 BPSD. In addition, the contract includes new plants for the production of Isomerate (700,000 mtpa), Para-Xylene (220,000 mtpa) and Benzene (200,000 mtpa). Algeria has the 14th largest crude oil reserves and 8th largest gas reserves in the world and is considered an emerging market in the development of resources and infrastructure-related industries.
07-Jul-09 
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