
China overtakes France in Algeria
Algeria is leaving behind what has been its main partner for more than a century to look towards other markets. Proof of this is the recent $1.5 billion deal signed between Algeria's state-owned hydrocarbon company, Sonatarch, and the British oil services group Petrofac to design and build a petrochemical complex in northwest Algeria. The complex will produce 550,000 tonnes per year of polypropylene, a plastic material used in the automotive, construction and other industries.
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The company's exe