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Afirica: Algeria's Sonatrach sets January propane and butane prices

Afirica: Algeria's Sonatrach sets January propane and butane prices

Write: Rozella [2011-05-20]
Algeria's state-owned oil company Sonatrach has set its contract price for January-loading propane at $975/mt, an increase of $50/mt from December, a Sonatrach source said Friday.

The Sonatrach contract price for butane loading in January has been set at $860/mt, which is a decrease of $125/mt from the December price.

The Algerian company is a principal LPG producer serving demand in the Mediterranean and also makes regular exports on a spot and contract basis to Northwest Europe and the Americas.

--Derek Hardy