BY: Hana Saada
ALGIERS- Sonatrach, Algeria’s national hydrocarbon company, and Wanhua Chemical, a Chinese company, signed, on May 16, 2023, a forward contract for the supply of LPG to the Wanhua petrochemical complex in China.
This agreement marks a significant milestone for Algerian LPG exports, as it establishes a regular supply of Algerian LPG to the Asian market and introduces the Algerian LPG price reference on the largest regional market in the world.
The contract solidifies the commitment of both companies to establish a long-lasting and mutually beneficial commercial relationship in the field of LPG and petrochemicals. Sonatrach’s press release, published on its website, highlights the importance of this partnership in expanding the reach of Algerian LPG exports and strengthening the company’s position in the global market.
This contract is a testament to Sonatrach’s dedication to providing high-quality LPG to its customers and expanding its global presence. The company’s expertise in the production and distribution of LPG, combined with Wanhua Chemical’s strong market position in China, makes this partnership a win-win for both parties.
Overall, this agreement is a significant step forward for Sonatrach and the Algerian LPG industry, and it sets the stage for continued growth and success in the years to come.
