Petrofac wins construction contract for petrochemical project in Arzew Industrial Zone

Petrofac Ltd. has won the construction contract for Sonatrach SPA’s USD 1.5-bln petrochemical project in in Arzew Industrial Zone, Algeria.

STEP Polymers SPA, a wholly-owned subsidiary of Algeria’s national oil and gas company, signed a definitive design and build deal with Petrofac, the United Kingdom-based energy engineering company confirmed in a press release.

Sonatrach eyes completion within 42 months.

Petrofac will execute the project through its joint venture with China Huanqiu Contracting & Engineering Corp.