Samsung Engineering Wins 4.3 Trillion KRW Contract for Algerian Refinery Plant Construction

Kang Moon-kyu, Proposal Manager at Samsung Engineering (front row, first on the right), is signing the contract. Seong-an Choi, President of Samsung Engineering (back row, first on the right), Kamel Edin Chiki, President of Sonatrack (back row, third from the left), and Juan Yado, President of TR (back row, first on the left)

[Asia Economy Reporter Dongwoo Lee] Samsung Engineering announced on the 9th that it has jointly secured a large-scale oil refinery plant project in Algeria.

On the afternoon of the 8th (local time), Samsung Engineering signed a contract with Sonatrach, Algeria's largest state-owned oil company, for the Hassi Messaoud refinery project worth approximately 4.3 trillion KRW.

Samsung Engineering jointly secured this project with Spain's T?cnicas Reunidas (TR). Of the total contract amount, Samsung Engineering's share is about 1.9 trillion KRW.

The construction will take place in the Hassi Messaoud area, located 600 km southeast of Algeria's capital, Algiers. The facility will refine about 110,000 barrels of crude oil per day.

Samsung Engineering will carry out the project over 52 months using a turnkey method, handling all processes of engineering, procurement, and construction (EPC).

Samsung Engineering stated, "Sonatrach, Algeria's largest state-owned oil company, plans large-scale investments not only in energy sectors such as refining and gas but also in petrochemicals, so follow-up orders are expected."

The contract signing ceremony held at Sonatrach headquarters in Algiers was attended by Samsung Engineering President Seong-An Choi, Sonatrach President Kamel Eddine Chikhi, and T?cnicas Reunidas President Juan Yado.

This content was produced with the assistance of AI translation services.