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Algeria Plans to Increase Oil Refining Capacity, APS Reports

Feb. 21 (Bloomberg) -- 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 sslimani2@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

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