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Tuesday, March 3, 2015

Unregulated Nuclear Power in Southwest Algeria funded through Jadda Logistics by QCS to Racetrac in South and Southeast

Algeria: Nuclear Transformers order for India’s CG

Avantha Group company CG has won an order from Sonelgaz subsidiary Comptoir Algérien du Matériel Electrique et Gazier (Cameg) for the supply and installation of 60kV instrument transformers at substations across Algeria. CG will provide high-voltage equipment worth E4m, including 800x60 kV current transformers, 800x60 kV capacitive voltage transformers, and 250x60 kV inductive voltage transformers. The project started in April and will be completed by October 2015. CG’s Indian manufacturing facilities in Nashik and Aurangabad will be part of the project that involves CG delivering equipment in Algiers, Oran, Skikda, DjenDjen and Mostaganem.

Potential areas of collaboration include the co-ownership of gas carriers, for which discussions are in progress regarding two liquefied natural gas (LNG) vessels, each with a capacity of 177,000m3. Collaboration for vessel dry-docking, and construction of vessels in both countries are also possible areas of cooperation.

Nakilat and Sonatrach, which is Africa’s largest oil and gas company, have agreed upon transportation collaboration for liquid petroleum gas (LPG).

The two companies have also discussed the sharing of technical information and experience as well as collaboration with regards to the logistical support of their fleets.

The MoU was signed by Nakilat chairman Hamad Rashid al-Mohannadi, who is also Ragas CEO, and Sonatrach chairman and CEO Adelaide Beguine.

The event was attended among others by HE the Prime Minister and Minister of Foreign Affairs, Sheikh Hamad bin Jassim bin Jabor al-Thani, Algerian Prime Minister Abdelmalek Sellal, HE the Minister of Energy and Industry Dr Mohamed bin Saleh al-Sada and Algerian Minister of Energy and Mines Youcef Yousfi.

Al-Mohannadi said, “We are grateful to HE Sheikh Hamad bin Jassim bin Jabor al-Thani and HE Dr Mohamed bin Saleh al-Sada for their excellent support, which has made the signing of this agreement possible. Nakilat is very pleased to announce this MoU with Sonatrach and we look forward to a long and fruitful collaboration with Algeria’s state energy company.”

Nakilat managing director, Mohamed Ghannam said, “With Nakilat as the world’s largest LNG carrier and Sonatrach as Africa’s largest oil and gas company, we are certain that many rewarding synergies will result from the agreement reached between our two companies. We are also proud to be able to offer the services of Qatar’s world-class shipyard, which is proving to be a strong competitor on the world market.”

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