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🇩🇿 AlgeriaBusiness

Algeria awards two Tébessa phosphate contracts to CHEC and Saipem

By , based on TSA

Algeria awards two Tébessa phosphate contracts to CHEC and SaipemOlea · CC BY 4.0

Algeria has awarded two contracts related to the exploitation of the Blad el Hadba phosphate deposit in Tébessa to CHEC and Saipem. Described as strategic, the deals mark a new stage in the project, but their value has not been disclosed, according to TSA.

Algeria has awarded two contracts related to the exploitation of the giant Blad el Hadba phosphate deposit, in Tébessa province, to CHEC and Saipem. The contracts were signed on Wednesday 12 August at the headquarters of Sonatrach, Algeria’s state-owned oil and gas company, according to a statement from the Ministry of Hydrocarbons.

The value of the two contracts was not disclosed. The signing took place in the presence of Hydrocarbons Minister Mohamed Arkab and Interior and Transport Minister Saïd Sayoud. CHEC is a Chinese group, while Saipem is an Italian company specialising in engineering and construction services for the energy sector.

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