馃嚛馃嚳AlgeriaNorth Africa
Algeria and Iran explore new petrochemical and refining projects with Sonatrach and IPF
via Alg茅rie3602 min read
Mohamed Arkab, Minister of State and Minister of Hydrocarbons, met with Faramarz Ekhteraei, President of the Iranian company Industrial Pioneers Farayand Co IPF, on June 28, 2026. The meeting, also attended by Amin Remini, President of the Hydrocarbon Regulatory Authority ARH, focused on cooperation and investment opportunities between Sonatrach and IPF in the oil and gas industry and industrial engineering. Discussions centered on major energy projects, particularly in refining and petrochemicals, with an emphasis on producing high value-added petrochemical materials like polypropylene and its derivatives. The parties also explored developing processing facilities, optimizing industrial performance, and increasing production and transformation capacities. Partnership opportunities in designing and building specialized industrial units, developing hydrocarbon industry equipment, and industrial water treatment were also discussed. Mohamed Arkab highlighted the importance of expanding cooperation with IPF, citing their technical expertise and engineering capabilities for complex energy projects. He urged IPF to intensify contact with Sonatrach and national subsidiaries to explore investment opportunities, stressing technology transfer, local manufacturing, and Algerian skill development. Faramarz Ekhteraei expressed IPF's strong interest in strengthening its presence in the Algerian market and forming long-term partnerships with Sonatrach, offering their expertise in engineerin
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