The state-owned Petroleum Initiatives and Technical Consultations Firm (PETROJET), has signed a normal contractor settlement to develop Part Two of Algeria’s Hassi Bir Rkaiz discipline. The contract, valued at round $1.1 billion, covers works within the El Oued–Ouargla area, positioned about 130 kilometers east of Hassi Messaoud in southern Algeria.
Beneath the settlement, PETROJET will lead the execution of engineering, procurement, building, commissioning, and start-up (EPCCS) works for the second section of the Hassi Bir Rkaiz growth. The scope consists of constructing a central processing plant with a day by day capability of 32,000 barrels, together with shared services to assist present and future expansions. These services embody gathering stations and an in depth pipeline community spanning roughly 217 kilometers, in addition to infrastructure, roads, and auxiliary installations.
This got here in the course of the official go to of Egypt’s Minister of Petroleum and Mineral Sources, Karim Badawi, to Algeria,
Badawi witnessed the signing ceremony together with Algeria’s Minister of Hydrocarbons and Mines, Mohamed Arkab, in attendance of the Ambassador to Algeria, Abdel Latif El-Laih, PETROJET Chairman Waleed Lotfy, Arkad CEO Ettore Paolini, and senior representatives from the Hassi Bir Rkaiz consortium, alongside leaders from Egypt’s petroleum sector.
The Hassi Bir Rkaiz consortium—comprising Sonatrach, Algeria’s state-owned oil and fuel firm, and Thailand’s PTTEP, the nationwide upstream petroleum firm acquired the license for the challenge by way of a world tender. PETROJET is main the overall contractor alliance in partnership with Italy’s Arkad.
Following the signing, Badawi famous that PETROJET is likely one of the key execution arms of Egypt’s petroleum sector, with in depth experience and superior capabilities enabling it to ship main initiatives each domestically and internationally. He highlighted the corporate’s achievements in regional markets, noting that its participation in Algeria displays rising confidence in Egyptian competencies and the flexibility of nationwide firms to compete globally.
This milestone coincides with the close to completion of joint research between Sonatrach and Petrojet to ascertain a brand new Algerian–Egyptian firm for localizing static gear manufacturing in Algeria, beneath a cooperation protocol signed by each events.
The deliberate firm will produce specialised static gear, together with towers, stress vessels, warmth exchangers, air coolers, and separators, in keeping with the American Society of Mechanical Engineers (ASME) worldwide requirements. The phased plan goals to satisfy native market wants and develop exports to West Africa.
Petrojet has constructed a robust worldwide presence, with greater than half of its current contracts secured outdoors Egypt, spanning main initiatives in Algeria, Saudi Arabia, Iraq, Libya, Jordan, the UAE, and Kuwait. The corporate is positioning itself as a regional engineering powerhouse, diversifying into power infrastructure, manufacturing, and new applied sciences.
