Total to invest US$1.5 bln petrochemical deal in Algeria

Total plans an investment outlay of US$1.5 bln in a petrochemical project in Arzew, Algeria, after it agreed to develop the US$3 bln project with Algeria's oil and gas group Sonatrach.The agreement is for the development of a 1.4 mln tpa cracking unit that will be fuelled with Algerian gas. The ethane cracker will produce 1.1 mln tpa of ethylene that will be processed in 800,000 ton of polyethylene and 550,000 tons of monoethylene glycol.