CHINA-ALGERIA: CHINA AND ALGERIA CONCLUDE $ 7 BILLION SHAREHOLDER AGREEMENT FOR FERTILISER PRODUCTION
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Reuters (March 22) reported that Algeria and China have signed a shareholder agreement to
invest $7 billion to produce 5.4 million tonnes of fertiliser per year in the Algerian region of
Tebessa, Algeria’s national oil company Sonatrach said on March 21. Algeria expects the
phosphate project to create 12,000 jobs during the construction phase
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