Egypt Petrojet wins $1.08 bln contract for second phase of Hassi Bir Rkaiz field in Algeria

Petroleum and Mineral Resources Minister Karim Badawi highlighted the importance of Petrojet’s continued international expansion, citing the company’s success in implementing major energy and infrastructure projects across several countries.

He stressed the need to keep promoting Petrojet’s technical expertise and accumulated experience in regional and global markets.

The minister added that the company’s growing presence abroad aligns with the ministry’s sixth strategic pillar, which aims to strengthen regional cooperation with partner countries and capitalize on the capabilities of Egyptian petroleum sector companies to execute large-scale projects abroad, particularly in Arab and African markets.

Petrojet is executing the project in partnership with Italy’s Arkad Spa under a consortium led by Petrojet, for the benefit of the Hassi Bir Rkaiz joint venture — a partnership between Algeria’s Sonatrach and Thailand’s PTTEP.

The project involves constructing a central processing facility with a capacity of 31,500 barrels per day, along with associated infrastructure, including 217 kilometres of pipelines.

The project marks a significant strategic milestone for Petrojet and reflects the company’s growing footprint in the Algerian market.

It also coincides with ongoing cooperation with Sonatrach to establish joint manufacturing workshops, aimed at maximizing added value and utilizing Petrojet’s excess capacities in foreign markets to generate sustainable foreign currency revenues.