211 million euros contract to build gas pipeline in Algeria

Algeria’s energy company Sonelgaz Wednesday said it awarded a 211 million euros contract to Algerian-Turkish group Cosider-Kanaghaz-Enac and Turkey’s Erciyas to build a part of an east-west gas pipeline.

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• The east-west pipeline will provide natural gas for many towns in Algeria’s high lands and northern towns, said Sonelgaz.  
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• It also said the project would allow the creation of new industrial poles.
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• The state is funding the project by 85 percent while Sonelgaz is in charge of the rest of the costs.
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• Partnership between Algeria and Turkey has been marked by a 20-year contract for annual natural gas purchases/sell of 4 billion cubic meters signed between Turkey’s BOTAÅž and Sonatrach.