Maire Tecnimont S.p.A. announces that its main subsidiary Tecnimont S.p.A. has been awarded by the Direction Centrale Engineering & Project Management of SONATRACH an EPC contract for the execution of an LPG extraction plant inside the existing Rhourde El Baguel oil & gas treatment complex, located in northeastern Algeria.

The overall contract value is about USD 380 million, to be executed on a Lump-Sum basis.

The scope of the Project entails the implementation of a new LPG extraction plant with a capacity to process 10 million metric standard cubic meters per day of associated gas coming from the existing facilities. The completion of the plant is scheduled within 36 months from the Contract’s effective date.

LPG is a pressurized liquid mixture of propane and butane, mainly used as fuel in heating and cooking appliances, and vehicles.

Alessandro Bernini, Chief Executive Officer of Maire Tecnimont Group, commented: “We are proud of consolidating our track-record with SONATRACH also in consideration of the strategic relationship between our two Countries in the current global energy supply scenario. This achievement furtherly strengthens our presence in the Algerian market and in the gas monetization segment, where our Group consolidated a solid experience in other Middle East and North African countries”.

About Maire Tecnimont S.p.A.

Maire Tecnimont S.p.A., a company listed on the Milan Stock Exchange, heads an international industrial group that is a leader in the transformation of natural resources (plant engineering in downstream oil & gas, with technological and execution competences). Through its subsidiary NextChem, it operates in the field of green chemistry and the technologies to support the energy transition. Maire Tecnimont Group operates in about 45 countries, through approximately 50 operative companies and about 9,300 people.

About Sonatrach

Sonatrach, the largest oil and gas company in Africa, is an Algerian state-owned company (NOC) holding a wide range of activities across the entire hydrocarbon supply chain, from upstream through marketing. Sonatrach employs more than 53,000 employees in the parent company and more than 150,000 in the Group. The Group has 154 subsidiaries and holdings striving to enhance the country’s oil and gas sector.