• Who owns Algeria’s new oil refinery?
  • Algeria¡¯s state-owned Sonatrach will be the owner and the operator of the ¡ê2.8bn ($3.68bn) oil refinery facility which is scheduled to start operations in the first half of 2024. The project¡¯s construction work will be executed by a joint venture (JV) of Korea¡¯s Samsung Engineering (45%) and Spanish firm T¨¦cnicas Reunidas (55%).
  • What is the Hassi Messaoud refinery project?
  • Image courtesy of Sonatrach. The Hassi Messaoud refinery project is a grassroot crude oil refinery planned in the Ouargla Province of Algeria. It will have an annual processing capacity of five million tonnes of oil and 120,900 tonnes of natural gas.
  • Who will build Africa’s Oil Refinery?
  • The construction of the refinery will be undertaken by a joint venture comprising Korean-based, Samsung Engineering with a 45% stake and Spanish-based, T¨¦cnicas Reunidas with 55%. Key gas and oil refinery projects are to be launched through 2025 to improve Africa’s refining capacity and reduce imports.
  • What is edible oil refinery?
  • As a result, refinement is required to transform all raw oils into edible oils. Edible Oil Refinery is a particular plant focused on the processing of various types of edible oils. Several treatments are carried out within the cooking oil refinery plant to guarantee that the edible oils adhere to the highest standards of quality and safety.
  • Does Algeria prepare oil & gas bid round?
  • ¡°Algeria Prepares Oil & Gas Bid Round,¡± Middle East Economic Survey, Vol. 65, Issue 44, November 4, 2022. ¡°Worldwide Look at Reserves and Production,¡± Oil & Gas Journal, Worldwide Report [Table], December 5, 2022. ¡° Crude Grades ,¡± McKinsey Energy Insights, accessed December 6, 2022.
  • What type of oil does Algeria produce?
  • Algeria¡¯s oil fields produce high quality, light, sweet crude oil with a very low sulfur content. The country¡¯s main crude oil grade is the Sahara blend (API gravity of 46.0¡ã and a sulfur content of 0.10%), which is a blend of crude oils produced at fields in the Hassi Messaoud region. 3 Algeria¡¯s largest oil fields are mature.