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2019-01-21 11:00:00

TOTAL, SONATRACH INVESTMENT $1.4 BLN

TOTAL, SONATRACH INVESTMENT $1.4 BLN

PLATTSAlgerian state oil company Sonatrach and French oil company Total have signed an agreement to form a new joint venture, known as Sonatrach Total Company Polymers Company or 'STEP,' for a petrochemical project in Arzew, western Algeria, Sonatrach said in a press release.

The project will include a propane dehydrogenation (PDH) unit and a polypropylene production unit with an output capacity of 550,000 mt/year, the company said.

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Tags: TOTAL, SONATRACH, INVESTMENT, ALGERIA
Chronicle:
TOTAL, SONATRACH INVESTMENT $1.4 BLN
2019, July, 12, 07:55:00
BRITAIN'S CLIMATE AMBITION
The UK government must show it is serious about its legal obligations to tackle and prepare for climate change, the independent Committee on Climate Change (CCC) said today as it published its Reducing UK emissions - 2019 Progress Report to Parliament.
TOTAL, SONATRACH INVESTMENT $1.4 BLN
2019, July, 12, 07:50:00
SAUDI ARAMCO, MCDERMOTT CONTRACT $4.5 BLN
McDermott has won two engineering, procurement, construction and installation (EPCI) contracts from Saudi Aramco worth more than $4.5bn for the Marjan Increment Programme.
TOTAL, SONATRACH INVESTMENT $1.4 BLN
2019, July, 12, 07:45:00
SAUDI ARAMCO, SAIPEM CONTRACT $3.5 BLN
As part of its larger increment programmes for Marjan and Berri, Saudi Aramco has awarded Saipem two EPCI contracts worth more than $3.5bn.
TOTAL, SONATRACH INVESTMENT $1.4 BLN
2019, July, 12, 07:40:00
LNG PRICE: NEAR $4.5
Spot prices for August delivery to Northeast Asia are estimated to be about $4.40 per million British thermal units (mmBtu), up 10 cents from last week, trade sources said.
TOTAL, SONATRACH INVESTMENT $1.4 BLN
2019, July, 10, 12:55:00
OIL PRICE: NEAR $65 AGAIN
WTI had climbed 93 cents, or 1.6%, to $58.76, having earlier risen to $58.84. Brent was up 70 cents, or 1.1%, at $64.86, after earlier touching $64.95.
TOTAL, SONATRACH INVESTMENT $1.4 BLN
2019, July, 10, 12:50:00
OIL PRICES 2019-20: $67 ANEW
The Energy Information Administration (EIA) forecasts Brent spot prices will average $67/b in the second half of 2019 and remain at that level in 2020. EIA expects West Texas Intermediate (WTI) crude oil prices will average $62/b in the second half of 2019 and $63/b in 2020.
TOTAL, SONATRACH INVESTMENT $1.4 BLN
2019, July, 10, 12:45:00
IRREVERSIBLE CLIMATE CHANGE
“The clock is ticking on irreversible climate change,” Adam Matthews, co-chair of the Transition Pathway Initiative (TPI) and the director of ethics and engagement at the Church of England Pensions Board, said in a statement.
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