Sonatrach and Chinese Partners Plan Algerian Phosphates Project
Algerian firms Asmidal, a subsidiary of state-owned oil group Sonatrach, and Manal have signed an agreement with Chinese firms Wuhuan Engineering and Yunnan Tain'An Chemical to form a joint venture for an integrated phosphates project. The new company – Algerian Chinese Fertilizers – will be owned 56% by the Algerian partners and 44% by the Chinese.
