By John Lee.
Petrojet has been awarded a $185-million (216-billion-Iraqi-dinar) contract to build the first gas-processing plant for Iraq’s Siba field.
The Egyptian state-owned company will handle all the gas-processing plant’s related works including engineering, procurement, and construction (EPC).
The project aims to increase the field’s production to 110 million cubic feet per day within 18 months.
Petrojet is wholly owned by the Egyptian General Petroleum Corporation (EGPC).
Siba field is operated by Kuwait Energy.
(Source: Vanguard News)