Bilfinger Tebodin Middle East inks engineering deal with PETROJET
As part of the deal, Bilfinger Tebodin Middle East will act as the Egyptian firm's technical and engineering consultancy partner
Bilfinger Tebodin Middle East Egypt inked an engineering master service agreement with the North African nation’s state-owned oil and gas integrated contractor PETROJET.
The strategic engineering framework agreement is an executive development of a memorandum of understanding (MoU) signed by the companies in December 2018.
As part of the deal, Bilfinger Tebodin Middle East will act as a technical and engineering consultancy partner to PETROJET.
Speaking about the agreement, the managing director of Bilfinger Tebodin Middle East Egypt, Dr. Ahmed Soltan, said: “The agreement with PETROJET reflects Bilfinger Tebodin Middle East plans of strategic cooperation with the market-leading entities in Egypt’s oil & gas sector.”
Meanwhile, the president and CEO of Bilfinger Middle East, Jon Rokk, said: “Egypt is booming and it offers broad potential and growth opportunities especially the oil & gas and infrastructure sectors. We believe Bilfinger can play a leading role in Egypt based on our extensive portfolio.”
Bilfinger Tebodin Middle East Egypt started its business activities in 2018 with project management consultancy (PMC) services for two projects in the oil and gas sector.
The first project is a bulk liquid terminal for Sonker Bunkering Company in Sokhna Port, and the second project is for the Arab Petroleum Pipelines Company (SUMED). Both projects are part of Egypt’s vision to become a regional hub in the trade of oil and gas.