Petrojet Wins Major New Iraq Contracts

By John Lee.

Egypt’s state-owned Petroleum Projects & Technical Consultations Company (Petrojet) has reportedly won two contracts in Iraq valued at $142.5 million (166 billion Iraqi dinars).

In the first contract, worth $75 million, Petrojet will carry out the first phase of the rehabilitation and upgrade of the current facilities in Basra Gas Company, for the benefit of Shell, the South Gas Company and Mitsubishi. The work is to be completed within 24 months.

The second contract, valued at $67.5 million, will see Petrojet 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 is scheduled to take 16 months.

(Source: Amwal al Ghad)