A press release to Egypt Oil&Gas stated that Egypt’s Petrojet Company was awarded a $90m contract to construct a gas pipeline in the Sultanate of Oman.
Under the terms of the agreement, Petrojet will establish a 221km natural gas pipeline with 36-inch diameter. The company will process the the project according to an engineering, procurement and contracting (EPC) system. Once completed, the pipeline will be handed over to the Oman Gas Company, which is the main natural gas transporting company in the Arabic Gulf country.
The project came as a part of the Ministry of Petroleum and Mineral Resources’ strategy to globally expand work performed by Egyptian petroleum companies and to open new investment opportunities in Arabic and African markets. Petrojet’s CEO, Mohamed El Sheimy, informed on the project in a report submitted to the Egyptian Minister of Petroleum, Tarek El Molla. The report explained that the contract was awarded because of the company’s experience in the field, and will further add to the company’s portfolio of accomplishments.