Saipem has signed a Limited Notice to Proceed with Sonatrach for Phase 1 of the Projet Phosphates Integre in Algeria
Italy, Aug. 13 -- Saipem has signed with Sonatrach a Limited Notice to Proceed (LNTP) ("Protocole d'Accord") for the execution of Phase 1 of the Projet Phosphates Integre (PPI) in Algeria.The LNTP, worth approximately 500 million euro, follows a letter of intent through which Saipem was selected by Sonatrach as EPC contractor for the execution of the first phase of the project.The new industrial complex will include phosphate mining infrastructure in the Bled El Hadba area, process units and auxiliary facilities for fertilizer production in the Oued El-Kebrit area, as well as the related logistics and service infrastructure. Once operational, the project will contribute to the development of Algeria's agricultural and industrial value chain...
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