Today : Sunday 7 October 2018
Sonatrach and Absolute (Paris:FP) (LSE:TTA) (NYSE:TOT) accept active two agreements as allotment of the absolute affiliation appear in 2017:
The TFT Sud admittance is amid south of the Tin Fouyé Tabankort (TFT) field, of which Absolute is a abiding partner. Sonatrach (51%) and Absolute (49%) will advance the affluence of Erg Issouane amid on the TFT Sud admittance estimated at added than 100 million barrels of oil agnate (boe). The development, which represents an advance of about $ 400 million, will be angry aback to the absolute TFT gas analysis assemblage by a 22-kilometer-long gas pipeline. First gas is accepted backward 2021. The ally accept additionally active a gas business agreement. The acknowledgment arrangement will become able aloft approval by the Algerian authorities.
STEP will be amenable for accustomed out a collective petrochemical activity in Arzew, western Algeria. The activity includes a propane dehydrogenation (PDH) assemblage and a polypropylene assembly assemblage with an achievement accommodation of 550,000 bags per year. The two ally (Sonatrach 51%, Absolute 49%)
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