Egypt’s Petroleum Ministry has announced that a consortium of Petrojet and ENPPI has secured a six-year engineering, procurement and construction (EPC) framework agreement with Petroleum Development Oman (PDO), covering projects valued at more than $6 billion.
The Egyptian consortium was among four global groups eligible
to bid for projects under PDO’s portfolio.
The agreement supports Egypt’s strategy to expand the
international presence of its petroleum-sector companies and boost exports of
engineering and technical services.
It will also contribute to Oman’s in-country value goals
through knowledge transfer, training for Omani engineers, and greater
involvement of local companies and supply chains, strengthening energy
cooperation between Egypt and Oman. -OGN/TradeArabia News Service
