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ALGIERS, Algeria (AP) - Algeria's state oil and gas company and KBR Inc., a former Halliburton Co. subsidiary, signed a $2.88 billion deal Saturday for a liquefied natural gas plant.
The Skikda plant, on Algeria's eastern Mediterranean coast, will be the country's largest LNG facility, with a capacity of 4.5 million tons of liquefied gas per year, according to state-run Sonatrach. It will be on the site of a Sonatrach refinery wrecked by a gas tank explosion in 2004 that killed 27 people.
Work on the new plant begins in September, and it is scheduled to start production in 2011. The gas will come from the Hassi R'Mel field in the Sahara Desert in southern Algeria, according to the deal.
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