Petrojet and Siemens have signed a memorandum of understanding (MoU) to cooperate in the fields of petroleum, infrastructure, utilities, and water in the Egyptian market.

The two companies are going to implement projects of mutual concern in these sectors which come in line with the digitalization strategy adopted by the Ministry of Petroleum and Mineral Resources.

According to the MoU, Siemens will provide the latest technological solutions in digitalization, automation, and energy management in addition to technical training.

Petrojet will provide its resources, equipment, and assets to implement these projects which will contribute to developing and enhancing the petroleum sector.

On this occasion, Siemens Egypt CEO Mostafa El-Bagoury, said: “We are proud of our cooperation with Petrojet, and we seek together to support the vision of the Ministry of Petroleum and Mineral Resources in Egypt, which aims to digitalize  the sectors of petroleum, infrastructure, utilities, tunnels and water and improve their capabilities, by relying on Siemens smart solutions portfolio, which focuses on the areas of digital transformation, automation and energy management.

For his part, Petrojet’s CEO, Waleed Lotfy, said: “As the national  manufacturing arm of the Egyptian petroleum sector, we are pleased to cooperate with Siemens, one of the world’s leading technology companies. Through this fruitful cooperation, we will jointly search for promising business opportunities in the sector, and implement projects according to the latest technological solutions to meet the growing demand within the sector in line with the strategic plan for the petroleum sector and Egypt’s Vision 2030.”