Algeria Plans to Increase Oil Refining Capacity, APS Reports
Algeria will “soon” announce a plan to increase its refinery capacity by 18 million metric tons, the state-run Algerie Press Service reported, citing Abdelhamid Zerguine, chief executive officer of Sonatrach, the country’s state-owned oil company.
The country’s refineries can process 26 million tons of oil a year, the Algiers-based news agency reported, citing Zerguine. That’s about 520,000 barrels a day.
To contact the reporter on this story: Salah Slimani at email@example.com
To contact the editor responsible for this story: Stephen Voss at firstname.lastname@example.org
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.