The Petroleum Projects and Technical Consultations Company (PETROJET) has signed a $21.76 million agreement with Jordan Petroleum Refinery Company (JPRC) and Jordan National Shipping Lines (JNSL) to build liquefied petroleum gas (LPG) storage facilities in southern Jordanian port of Aqaba.
The project, with completion expected in two years, entails the engineering, procurement, and construction (EPC) of two spherical LPG tanks, each with a capacity of 2,000 metric tons for LPG storage.
JPRC Chairman Abed El-Rahim Boucai stated that the agreement reflects the company’s confidence in its regional partners and enhances Arab cooperation in executing strategic projects that serve the national economy and support the energy sector with efficiency and sustainability.
For his part, JPRC CEO Hasan Soud El-Heyari said that the project is a strategic step towards building an integrated system for storing and distributing LPG, and reducing operational costs associated with transporting the material from Aqaba to consumption centers in the governorates.
PETROJET is expanding its global presence through strategic partnerships in Saudi Arabia, Libya, Jordan, the UAE, and Kuwait while targeting industrial projects in Iraq, Algeria, Oman, and emerging markets such as Mozambique, Angola, and Croatia. The company is also diversifying seawater desalination, green hydrogen, and solar energy projects.
The state-owned company has constructed 265 projects during 2024 worth over EGP 80 billion. It also secured new contracts for construction worth EGP 112 billion, 60% of which is outside Egypt, said Chairman Waleed Lotfy during the company’s general assembly meeting in March.
In January, PETROJET partnered with Engineering for the Petroleum and Process Industries (ENPPI) to secure a $1.24 billion contract for the Ruwais LNG project in the UAE. The project involves developing a LNG Pre-Conditioning Plant (LPP) located within UAE ADNOC Gas’ Hashpan five plants, with combined capacity to process 6.1 billion standard cubic feet per day (bscf/d) of gas. The plants will be then connected to Ruwais LNG facility.
Furthermore, the company is establishing a joint venture in Algeria with Sonatrach to manufacture static equipment through Egyptian Algerian investments. It is considered the first facility of its kind in the country. It is also preparing to launch a manufacturing hub in Saudi Arabia’s King Salman Energy Park in cooperation with Aramco.
