Subsidiaries and Joint Ventures
Sonatrach owns 50% of Numhyd, a joint venture with Tunisia's ETAP, and ALEPCO, a joint venture with Libya's National Oil Corporation. In 1998, Sonatrach acquired Naftal, which is the principal company selling petroleum-based fuels for domestic consumption with about 10,000 gas stations (as of 2005.) Naftec, a subsidiary of Sonatrach, operates Algeria's four refineries, which have combined capacity of 450,000 bbl/d (72,000 m3/d). The Skikda refinery (300,000 bpd) provides the bulk of Algeria's refined products production. The 30,000 bbl/d (4,800 m3/d) Hassi Messaoud refinery supplies products to southern Algeria, while the 60,000 bbl/d (9,500 m3/d) Algiers refinery processes crude from Hassi Messaoud for consumption in the capital. Finally, the coastal 60,000 bbl/d (9,500 m3/d) Arzew refinery produces products for domestic consumption and export. In July 2006, Sonatrach and the Chinese National Petroleum Corporation (CNPC) brought online the small-13,000 bpd Adrar refinery, which is located near the village of Sbaa 40 km (25 mi) north of Adrar.
Read more about this topic: Sonatrach
Famous quotes containing the words joint and/or ventures:
“There is no such thing as “the Queen’s English.” The property has gone into the hands of a joint stock company and we own the bulk of the shares!”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)
“If one ventures a word with you, will you be offended? But who can keep from speaking?”
—Bible: Hebrew, Job 4:2.
Eliphaz, one of Job’s “comforters,” to Job.