Egypt’s Petrojet secures $4.7bn pipeline contracts as it expands into new sectors

Egyptian oil services company Petrojet, the engineering and construction arm of Egypt’s petroleum sector, has secured contracts for future projects worth EGP 246bn ($4.7bn) through 2029, both domestically and internationally, Economy Plus reported on March 17, quoting the company’s chairman Waleed Lotfy.

Petrojet is a state-owned joint-stock company primarily owned by the Egyptian General Petroleum Corporation (EGPC). The company provides integrated EPC (Engineering, Procurement, and Construction) services across the Middle East and Africa. The company has recently secured a $273mn contract for a gas pipeline in Oman and a $160mn power plant project in Saudi Arabia.

Speaking at the company’s general assembly, Lotfy said Petrojet’s business volume rose to EGP 121bn in 2025, up from EGP 112bn in 2024, as the company continues its strong performance despite global and regional challenges.

The company also entered new fields during 2025, including nuclear energy, becoming the first Egyptian firm to participate in the El Dabaa nuclear power project. Petrojet continues to execute a diversified portfolio of projects across oil, gas, and infrastructure sectors.

Lotfy said the company is also involved in Saudi Arabia’s NEOM project and is expanding into regional markets through strategic partnerships, bringing its operational presence to 28 countries.

He added that Petrojet has obtained the SCC safety certification, enabling it to operate as a contractor in Europe, and has launched initiatives to enhance occupational safety and environmental standards. The company has also completed a safety and risk management training school in Ain Sokhna.

Petrojet is expanding its manufacturing capabilities with new facilities in El Alamein and Tebbin, alongside centres in the UAE, Iraq, and Saudi Arabia.