Sonatrach Petroleum Corporation (SPC BVI) was created in 1989, in accordance with the International Business Companies Ordinance of 1984. It is a 100% owned subsidiary of ‘Sonatrach International Holding Corporation’, which is itself owned by the Sonatrach Group. Its Registered Office is located in The British Virgin Islands with a capital stock of 15 million US Dollars.
To support its activities SPC BVI presently has two offices; one in Algiers and one in London, with its main activities being the trading of all Hydrocarbons, Liquids and Gas, and Shipping.
Products traded by SPC (BVI) are Crude Oil, Condensate (NGL), Refined Products, Aromatics and LPG. As part of its expansion, SPC (BVI) is planning in the near future to extend its trade to petrochemical products and derivatives.
SPC (BVI) also owns and manages a fleet of 5 LPG Carriers, the largest having a capacity of 84,000 CBM, and one VLCC (Mesdar) with a capacity of 315,802 SDWT. As part of its activities, SPC (BVI) also provides services to the mother company mainly in shipping.
After 28 years of successful and diversified trading and shipping activities, SPC (BVI) has established a reliable reputation on the market thanks to the regular and continuous access to products from Algeria as well as from other sources worldwide.