Algeria Petrochemicals Q4 2018
Algeria is seeking to build a world-scale petrochemicals facility producing polypropylene, reviving an alliance with Totalthat had fallen apart in recent years due to disputes over ethane feedstock pricing. Greater utilisation of LPG and more favourableterms for the foreign partner has enticed investment. Given past failures to kick-start the development of downstream sectors, thisis a significant step forward although we caution that given the sector's past track record of failure there is still potential for delaysand cancellations.
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