Two Algerian-Qatari petrochemical projects under consideration

 

ALGIERS- Two Algerian-Qatari partnership projects in the field of petrochemistry are currently under consideration, said Sunday in Algiers Minister of Industry and Mining Abdesselam Bouchouareb.

The first project is about a joint venture between the Algerian groups Mines Algerie (MINAL) and ASMIDAL and the Qatari company Qatar Petroleum for the phosphate chemical processing in Oued El Kebrit (Souk Ahras, 650-km southeast of Algiers), with a production capacity of 5 million tonnes per year.

The second project is about a partnership between the Algerian group ASMIDAL and the National Office of Explosive Substances (ONEX) and Qatar Petroleum for the production of fertilizers in Hdjar Soud (Skikda, 510 km east of Algiers).

In an address at an Algerian-Qatari business meeting, chaired jointly with Qatari Assistant Foreign Minister for International Cooperation Sheikh Mohammed bin Abdurrahman bin Jassim Al-Thani, Bouchouareb said that the examination of the two projects "is progressing well," hoping that it will be finalized by July.

The production of these two plants will help meet the agricultural sector's needs in Algeria and also for exports, he explained, underlining the possibility to launch other partnership projects between the two countries for the exploitation of minerals like gold.

In January 2013, Algeria and Qatar signed two memorandums of understanding on these two projects

The two countries will also launch, in early March, one of their biggest joint investment projects: the project of an iron and steel complex in Bellara (Jijel, 359 km east of Algiers).

Bouchouareb said that "the business meeting follows the visit paid by Prime Minister Abdelmalek Sellal to Qatar last November to assess the implementation of the projects agreed on during the Algerian-Qatari Joint Commission."

For his part, the Qatari Assistant FM said that the broadening of cooperation to various areas stems from the political willingness of the leaders of the two countries.

"The visit of Qatari Prime minister to Algeria next March will be crowned by the announcement of new joint projects," he added.

Qatari Prime minister will be accompanied during his visit by a delegation of investors representing different sectors, including energy, oil industry and minerals.

Sunday, 15 February 2015