Oil and Gas

Algeria To Build $6 Billion Phosphate Plant With China

The CEO of state energy firm Sonatrach, Abdelmoumen Ould Kaddour, outlined the plan to engage in a joint venture with China in the construction of a phosphate plant in Tebessa province of eastern Algeria. The plant is to commence operation in2022, and it will help expand the output of Bled El-Hadba phosphate mine in the eastern region of Tabessa from 1 million tonnes to 10 million tonnes per annum. The partners to this project include Sonatrach, Algeria’s Manal and Asmidial groups and a Chinese state owned consortium CITIC Group Corporation limited. Sonatrach will hold 51 percent of the project while the Chinese partners will have 49 percent stake. With the third largest reserve of phosphate, Algeria seeks to increase its production of phosphate from2 million to 30 million tonnes per annum by 2030.

A phosphate plant Source: Sweetcrude reports
Abdelmoumen Ould Kaddor. Source: The Maghreb times




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