The Petroleum Tasks and Technical Consultations Firm (PETROJET) has signed a $21.76 million settlement with Jordan Petroleum Refinery Firm (JPRC) and Jordan Nationwide Transport Traces (JNSL) to construct liquefied petroleum fuel (LPG) storage services in southern Jordanian port of Aqaba.
The venture, with completion anticipated in two years, entails the engineering, procurement, and development (EPC) of two spherical LPG tanks, every with a capability of two,000 metric tons for LPG storage.
JPRC Chairman Abed El-Rahim Boucai acknowledged that the settlement displays the corporate’s confidence in its regional companions and enhances Arab cooperation in executing strategic initiatives that serve the nationwide economic system and assist the vitality sector with effectivity and sustainability.
For his half, JPRC CEO Hasan Soud El-Heyari stated that the venture is a strategic step in direction of constructing an built-in system for storing and distributing LPG, and lowering operational prices related to transporting the fabric from Aqaba to consumption facilities within the governorates.
PETROJET is increasing its world presence by means of strategic partnerships in Saudi Arabia, Libya, Jordan, the UAE, and Kuwait whereas focusing on industrial initiatives in Iraq, Algeria, Oman, and rising markets resembling Mozambique, Angola, and Croatia. The corporate can be diversifying seawater desalination, inexperienced hydrogen, and photo voltaic vitality initiatives.
The state-owned firm has constructed 265 initiatives throughout 2024 value over EGP 80 billion. It additionally secured new contracts for development value EGP 112 billion, 60% of which is exterior Egypt, stated Chairman Waleed Lotfy throughout the firm’s common meeting assembly in March.
In January, PETROJET partnered with Engineering for the Petroleum and Course of Industries (ENPPI) to safe a $1.24 billion contract for the Ruwais LNG venture within the UAE. The venture entails growing a LNG Pre-Conditioning Plant (LPP) positioned inside UAE ADNOC Fuel’ Hashpan 5 crops, with mixed capability to course of 6.1 billion customary cubic toes per day (bscf/d) of fuel. The crops can be then linked to Ruwais LNG facility.
Moreover, the corporate is establishing a three way partnership in Algeria with Sonatrach to fabricate static tools by means of Egyptian Algerian investments. It’s thought of the primary facility of its sort within the nation. It’s also getting ready to launch a producing hub in Saudi Arabia’s King Salman Power Park in cooperation with Aramco.
