RealNews

Algeria, KBR sign $2.88 billion gas deal

Algeria’s state oil and gas company and KBR Inc., a former Halliburton Co. subsidiary, signed a $2.88 billion deal Saturday for a liquefied natural gas plant. The Skikda plant, on Algeria’s eastern Mediterranean coast, will be the country’s largest LNG facility, with a capacity of 4.5 million tons of liquefied gas per year, according to state-run Sonatrach. It will be on the site of a Sonatrach refinery wrecked by a gas tank explosion in 2004 that killed 27 people. Full Story

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