Algeria’s Sonatrach considering tyre production venture

Algerian state oil company Sonatrach is looking to enter the tyre business. The Algeria Press Service (APS) shares details given by group vice-president for Downstream Activity, Akli Remini on the sidelines of the Ogex 2016 oil and gas exhibition; Sonatrach will cooperate with foreign partners on a project to produce “5 million tons of tyres per year.”

Remina added that investing in tyre production is “part of a broad programme launched by Sonatrach Group in the wake of a strategy to boost the Group’s raw material processing activities.”