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Sonatrach signs $3.7bn deal with consortium for new Algerian refinery

Sonatrach has signed a $3.7 Bn deal with a consortium led by Spain’s Técnicas Reunidas and Samsung Engineering to build Algeria’s sixth oil refinery in Haoud El Hamra, Hassi Messaoud.

When complete, in 1H24, the refinery will be able to process 100kbd (5Mnta) crude oil, making it the second largest in the country after the Skikda Refinery.