Technip S.A. Secures $908 Million Refinery Expansion Contract from Algeria's Sonatrach

BANGALORE, INDIA--December 7, 2010--Researched by Industrial Info Resources (Sugar Land, Texas)--Sonatrach SpA (Algiers, Algeria), Algeria's state-controlled energy enterprise, has awarded a $908 million contract for the refurbishment and augmentation of its Algiers refinery to engineering and technology company Technip S.A. (EPA:TEC) (Paris, France). The contract includes capacity expansion of the refinery from 57,000 barrels per day (BBL/d) per year to 77,000 BBL/d. The expanded refinery will produce gasoline and other products as per European specifications.

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