USD 64.1213

+0.29

EUR 70.604

-0.07

BRENT 64.51

+0.48

AI-92 42.4

+0.01

AI-95 46.11

0

AI-98 51.89

-0.01

Diesel 46.15

0

27

Statoil, BHP Billiton to Bid For LNG Plant in Algeria

Australian mining and energy group BHP Billiton joined Norway's Statoil

Australian mining and energy group BHP Billiton joined Norway's oil major Statoil and South Africa's PetroSA plan to take part in a tender for a $3 billion gas-to-liquids plant in Algeria, Statoil said on Monday.

Statoil and PetroSA delivered a technical proposal earlier this year for the project.

A final bid, including economic aspects, is due by end of June next year.

BHP said on Monday that it was in talks with Statoil and PetroSA over a joint bid.

Gas-to-liquids technology processes natural gas into oil products, including low-sulphur diesel that meets strict European Union and U.S. environmental rules.

It would be the first plant of its kind in Algeria and the first for Statoil.