Algeria has allocated a $7-B investment portfolio for major industrial projects aimed at increasing the conversion rate of hydrocarbons into higher value-added products from 32% to 50% in the next 5 yr, Energy Minister Mohamed Arkab said on Thursday.
Key developments include a new 5-metric MMtpy refinery in Hassi Messaoud set to launch in 2027, and a naphtha cracking unit in Arzew expected to produce an additional 1.2 MMtpy of gasoline starting March 2027.
A fuel oil cracking facility in Skikda is expected to be operational by January 2029, contributing an annual output of 1.75 MMtpy of diesel and 250,000 tpy of asphalt.
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