Minister of Petroleum and Mineral Resources, Tarek El Molla, witnessed the ceremony of signing  a Memorandum of Understanding (MoU) between Petrojet and the Spanish company Tecnicas Reunidas (TR) to cooperate in designing, supplying, and manufacturing heat transfer equipment used in components of petroleum projects, according to a press release.

During the signing ceremony, El Molla affirmed the necessity of the collaboration with international companies to locally manufacture equipment and components used in petroleum projects in line with the strategy of developing the local oil sector in accordance with international standards.

El Molla also pointed out that the collaboration with international companies allows local companies to get acquainted with the latest technologies in the field of designing, manufacturing, and transferring equipment .

The MoU was signed by Waleed Lotfy, Chairman of Petrojet, and Federico Rampini, Director of TR.