Hyproc Shipping Company

Hyproc Shipping Company (Arabic: هيبروك للنقل البحري) is the company specialized in maritime transport of hydrocarbons. Founded in 1982 by government decree, it is located in Oran in Algeria. In 1997, it became a subsidiary of Sonatrach.

Hyproc Shipping Company
TypePublic company
IndustryEnergy, Transport
Founded14 August 1982
Headquarters
Oran
,
Algeria
Key people
Houcine Boudia (CEO)
ServicesMaritime transport
16.435 billion DZA (2020)
Number of employees
1 729 (2020)
Websitewww.hyproc.dz

History

Hyproc Shipping Company, was formerly an economic public company named Société Nationale de Transport Maritime des Hydrocarbures et des Produits Chimiques (SNTM-HYPROC) was born in 1982, following decree n° 82-282 of August 14, 1982.

The Company became a joint-stock company (SPA), after transformation of its statutes in 1995.

In October 1997, SNTM-HYPROC became a 100% subsidiary of the Sonatrach group, under the supervision of the holding company Société d’Investissement et de Participation (SIP).

The Company changed portfolio in December 2001 and joined the holding company Société de Valorisation des Hydrocarbures (SVH) of Sonatrach.

In 2003, SNTM-HYPROC became "Hyproc Shipping Company", after modifying its statutes.[1][2]

References
  1. "Hyproc Shipping Company presentation". hyproc.dz (in French).
  2. "Thème hème - UMMTO" (PDF). ummto.dz (in French). Khennache Mustapha & Medani Ghiles. 3 July 2012.
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