Egypt’s Petrojet Wins US$100 mln Pipeline Contract in Iraq

Egyptian Minister of Petroleum Sherif Ismail announced on Tuesday that the state-owned oil company Petrojet won a tender to design, supply and implement the butane pipeline project from Nasiriyah to Khor Al-Zubair in Basra, Iraq, with a contractual value of about US$100 million, stomping out contract deals from companies in Russia, China, Pakistan, Italy and Korea.

The Chairman and CEO of the company Mohamed Shemy said the project is being implemented within the contract period of 18 months for the benefit of Iraqi OPC, under the Iraqi Petroleum Ministry.

The company has Egyptian experts with vast experience in the implementation of the pipelines, after succeeding in implementing several major oil projects in Saudi Arabia, Libya, Sudan, Yemen, Jordan, Algeria, Qatar, Lebanon, Oman and the United Arab Emirates as well as Iraq.