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Algeria's state refiner NAFTEC has awared a division of Honeywell International Inc (HON.N) a 4.57 billion Algerian dinar ($62.75 million) contract to upgrade parts of a plant at the Arzew oil refinery complex, a company source said on Wednesday.

"Of the three companies in the race, Honeywell made the best offer of 4.57 billion dinars," a NAFTEC official, who declined to be named, told Reuters.
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