Petrojet-Egypt Attains EGP4.6 bln Revenues in 2013, Inching by 14%

Industry & Trade
By Salma Ayman

Petrojet Egypt company succeeded in achieving EGP4.6 billion total revenues in 2013 , move up by 14% net profit in compared to 2012, as the company implemented several projects in Egypt , in addition to winning numerous international tenders in several Arab countries .

This comes in the report received by Eng. Ashraf Ismail, Egyptian Petroleum and Mineral Resources Minister, for the Chairman of the firm regarding the Petroject’s Business results in 2013.

The firm is implementing many major projects such as the operation of crude oil refining facilities in Yanbu in favor of Saudi Arabia Arabian Oil Company (Saudi Aramco) and Oil Refining Company (Luberef) project for Samsung Electronic.

The report explained that the firm succeeded in winning several tenders from Arab countries, as it started implementing important projects in Iraq in addition, implementing gas pipeline project (LNG).

Petroject implemented a numbers of prominent projects entire Egypt such as new gasoline production unit in Alexandria and 2013 witnessed opening new fields to work in Egypt in several sectors and with new clients including transportation, electricity, renewable energy and military projects, the report added.

Furthermore, it also reviewed the company’s vision within 2014/2015 and the scheduled projects for the implementation.

Petrojet Egypt company succeeded in achieving EGP4.6 billion total revenues in 2013 , move up by 14% net profit in compared to 2012, as the company implemented several projects in Egypt , in addition to winning numerous international tenders in several Arab countries .

This comes in the report received by Eng. Ashraf Ismail, Egyptian Petroleum and Mineral Resources Minister, for the Chairman of the firm regarding the Petroject’s Business results in 2013.

The firm is implementing many major projects such as the operation of crude oil refining facilities in Yanbu in favor of Saudi Arabia Arabian Oil Company (Saudi Aramco) and Oil Refining Company (Luberef) project for Samsung Company.

The report explained that the firm succeeded in winning several tenders from Arab countries, as it started implementing important projects in Iraq in addition, implementing gas pipeline project (LNG).

Petroject implemented a numbers of prominent projects entire Egypt such as new gasoline production unit in Alexandria and 2013 witnessed opening new fields to work in Egypt in several sectors and with new clients including transportation, electricity, renewable energy and military projects, the report added.

Furthermore, it also reviewed the company’s vision within 2014/2015 and the scheduled projects for the implementation.

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