Italian Saipem to construct the world’s longest LPG pipeline
by ArabianBusiness.com staff writer on Wednesday, 05 December 2007
Sonatrach, an Algerian hydrocarbons company and Italian Saïpem-Snam Progetti have signed an agreement to construct the world's longest pipeline to transport liquefied petroleum gas (LPG) of more than 500 km in Algeria.
Pipeline transport head from Sonatrach Hocine Chekired, and Italian pipeline transport head Nerio Capanna, in the presence of Energy and Mines minister Chakib Khelil and Sonatrach CEO Mohamed Meziane, signed the agreement.
The LZ2 pipeline, will connect the gas terminal at Hassi R'mel to the Arzew petrochemical complex, and is estimated to cost around US $500 million.
advertisement
READERS' COMMENTS
Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.
MORE FROM ARABIANBUSINESS.COM
TOP IN MIDDLE EAST ENERGY
TOP MIDDLE EAST BUSINESS STORIES
ALSO IN MIDDLE EAST ENERGY
LATEST MIDDLE EAST BUSINESS NEWS
- Banking & Finance: Dubai gov't repays $1bn aviation bond
- Personal Finance: Credit bureaus combine to form regional group
- Healthcare: Kuwait swine flu fatalities rise to 24
- Politics & Economics: Mideast needs to improve insolvency rules - World Bank
- Travel & Hospitality: ADNH sees net profit up by 28% but hotels suffer
SHARE PRICE CHECK
RELATED STORIES
Saipem
- Saudi Aramco awaits more Yanbu refinery bids in July
20 Jun '09 | News - Saudi delays Moneefa project
20 Apr '09 | News
Sonatrach
- Algeria’s ambition
5 Aug '09 | Interviews - Algeria booming
14 Jul '09 | Interviews - Algeria enters new era
10 Jul '09 | Comment




