Maire Tecnimont wins $380 MM LPG project by Sonatrach
Maire Tecnimont S.p.A. announces that its main subsidiary Tecnimont S.p.A. has been awarded by the Direction Centrale Engineering & Project Management of SONATRACH an EPC contract for the execution of an LPG extraction plant inside the existing Rhourde El Baguel oil & gas treatment complex, located in northeastern Algeria.
The overall contract value is about $380 MM, to be executed on a Lump-Sum basis.
The scope of the Project entails the implementation of a new LPG extraction plant with a capacity to process 10 MM metric standard cubic meters per day of associated gas coming from the existing facilities. The completion of the plant is scheduled within 36 months from the Contract’s effective date.
LPG is a pressurized liquid mixture of propane and butane, mainly used as fuel in heating and cooking appliances, and vehicles.
Alessandro Bernini, Chief Executive Officer of Maire Tecnimont Group, commented: “We are proud of consolidating our track-record with SONATRACH also in consideration of the strategic relationship between our two Countries in the current global energy supply scenario. This achievement furtherly strengthens our presence in the Algerian market and in the gas monetization segment, where our Group consolidated a solid experience in other Middle East and North African countries”.
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