trending Market Intelligence /marketintelligence/en/news-insights/trending/-_ffkPqtHuni1sN-8m8gIA2 content esgSubNav
In This List

Maire Tecnimont bags $248M engineering contract from Sonatrach


S&P Capital IQ Pro | Powering Your Edge


S&P Capital IQ Pro | Unrivaled Sector Coverage

S&P Capital IQ Pro | Powered by Expert Insights


Enterprises are missing out on 24B by not optimizing cloud spending not going multicloud

Maire Tecnimont bags $248M engineering contract from Sonatrach

Maire Tecnimont SpA said Sept. 3 that its subsidiary, Tecnimont S.p.A., was awarded an engineering, procurement and construction contract worth $248 million by Sonatrach for an LPG project in the Hassi Messaoud area in central Algeria.

The company will provide the contract's stated services to implement a new train with an extraction capacity of 8 million standard cubic meters per day of LPG and condensate coming from associated gas sourced from existing plants located nearby ZCINA facility outside the battery limits.

The project is an extension of the ZCINA LPG plant and aims to increase production of LPG and condensate from the Hassi Messaoud field.

The contract will be formally signed in September, and the project is scheduled to be completed within 30 months from the start date.

Maire Tecnimont Group CEO Pierroberto Folgiero said the contract enables the company to enter the Algerian market "in the crucial gas treatment sector."