Petrojet Wins Two New Contracts in Iraq worth $142 million

Egypt’s state-owned Petroleum Projects & Technical Consultations Co., or Petrojet has won two contracts worth US$142.5 million for gas pipelines and degassing facilities works in Iraq.

The announcement was made after Petrojet’s Chairman Mohamed Shimy had submitted to the Egyptian Oil Minister Sherif Ismail a report on the company’s latest activities.

As pursuant to the first contract worth US$75 million, Petrojet will carry out the first phase of the rehabilitation and upgrade of the current facilities in Basrah Gas Company for the benefit of Shell, South Gas Company and Mitsubishi. The work duration for Basrah project is 24 months

Furthermore, the second contract is valued at US$67.5 million in which Petrojet will be responsible for the civil, installation, and mechanical works on the degassing station facility for Eni’s Zubair oilfield in cooperation with Samsung Engineering Company. The work duration for Zubair’s project is 16 months.