Versalis and Sonatrach ink MOU for joint feasibility studies for integrated petrochemical complex in Algeria

30-Jan-17

Eni’s chemicals business Versalis and Sonatrach have signed a Memorandum of Understanding to carry out joint feasibility studies for an integrated petrochemical complex to be built in Algeria. The agreement follows the cooperation agreement signed by Eni and Sonatrach last November and provides for the terms of a study aiming at enhancing hydrocarbons with value added petrochemical products through the development, in Algeria, of one or a few world-scale industrial petrochemical facilities.
This agreement represents an opportunity for Versalis to collaborate with an integrated oil corporation, to which the Italian chemical producer will offer its industrial experience in managing large petrochemical plants, and the access to its proprietary technologies, within the framework of strategic joint projects.