Latest news with #Petrojet
Zawya
2 days ago
- Business
- Zawya
Oman: OQGN awards $272mln gas pipeline contract
MUSCAT - OQ Gas Networks SAOG (OQGN), the owner and operator of Oman's gas transportation system, has announced the award of a contract worth RO 105 million for the implementation of the Second Loop Line Fahud-Suhar project – a key initiative to boost the country's gas supply network. In a filing to the Omani bourse on Wednesday, June 18, 2025, OQGN – part of OQ Group – said the contract, covering the engineering, procurement and construction (EPC) of the 193km 42-inch pipeline project, was awarded to the Petroleum Projects Company Petrojet and Partners LLC. Also as part of the project execution strategy, a related contract for the supply of 193 kilometers of line pipe was awarded to Jindal Saw Limited. The planned execution duration of the project is 24 months. 'The project aligns with the company's growth strategy and vision in leading the energy infrastructure,' OQGN added. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Zawya
2 days ago
- Business
- Zawya
Oman's OQGN awards EPC contract for $273mln Fahud - Suhar Loop Line project
OQ Gas Networks (OQGN), Oman's sole gas transmission operator and owner, announced on Wednesday that it has awarded Engineering, Procurement, and Construction (EPC) contract for the new 42 inch, 193-kilometre (km) loop line from Fahud to Suhar to Egypt-headquartered Petrojet. The agreement for the Fahud - Suhar Loop Line project was signed on 17 June 2025, the MSX-listed company said in a stock exchange statement. The statement said OQGN also awarded the supply of 193-km of line pipes to Jindal SAW. The project, which is estimated to cost 105 million Omani riyals ($273 million), is scheduled to be completed in 24 months, the statement noted. According to the statement, the project cost will be included in the Company's Regulated Asset Base (RAB), and, like the rest of the RAB, the return on this investment will be determined based on the Weighted Average Cost of Capital (WACC). The currently approved WACC in Price Control 3 is 7.79 percent and will remain in effect until 2027. In November 2024, Zawya Projects had reported that OQGN secured approval from relevant authorities for the execution of a second loop line from Fahud to Sohar. (Reporting by Deva Palanisamy; Editing by Anoop Menon) (
Zawya
04-06-2025
- Business
- Zawya
Egypt: Petrojet, Jordanian consortium ink $21.76mln LPG storage project in Aqaba
Arab Finance: Petrojet and a Jordanian consortium led by the Jordan National Shipping Lines Company (JNSL) have signed a $21.76 million agreement with the Jordan Petroleum Refinery, to implement a new liquefied petroleum gas (LPG) storage project in Aqaba, as per a statement by the Egyptian Ministry of Petrolem and Mineral Resources. The project includes the design, supply, and construction of two spherical LPG storage tanks, each with a capacity of 2,000 metric tons, at Jordan Petroleum Refinery's South Aqaba facilities. The turnkey project is expected to be implemented in up to 24 months. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
04-06-2025
- Business
- Zawya
Jordan signs deal for LPG storage facilities
A subsidiary of the Jordan Petroleum Refinery Company (JPRC) on Tuesday signed a 15.5 million Jordanian dinars ($21 million) agreement to develop new liquefied petroleum gas (LPG) storage infrastructure in the southern port of Aqaba for local gas distribution. The Liquefied Petroleum Gas Manufacturing and Filling Company will collaborate with a Jordanian-Egyptian joint venture comprising the Jordan National Shipping Lines Company and Egypt's Petrojet (Petroleum Projects and Technical Consultations Company) to execute the project, the Jordan News Agency Petra reported. The project includes designing, supplying, and constructing two spherical LPG tanks, each with a capacity of 2,000 metric tonnes, to be delivered as a turnkey project within 24 said the expansion reflects the company's strategy to enhance operational readiness amid rising national demand for LPG. He added that robust energy infrastructure is essential for maintaining supply security and efficient distribution. Hiyari noted that the facility will streamline the LPG distribution network, lower transport costs from Aqaba to interior regions, and improve energy resilience across Jordan. (Writing by Nadim Kawach; Editing by Anoop Menon) (
Daily News Egypt
26-05-2025
- Business
- Daily News Egypt
Petroleum Minister inspects LNG infrastructure in Ain Sokhna ahead of summer demand surge
Minister of Petroleum and Mineral Resources Karim Badawy conducted an inspection tour at Ain Sokhna's SUMED and Sonker ports to review infrastructure readiness for receiving additional Floating Storage and Regasification Units (FSRUs) as part of Egypt's summer energy preparedness plan. Joined by senior petroleum sector officials, Badawy assessed progress on critical projects supporting the import, regasification, and delivery of liquefied natural gas (LNG) into the national gas grid—an essential step in securing fuel for electricity generation during peak summer months. The minister began his visit at the marine berth in SUMED port, where the FSRU Hoegh Galleon is currently docked. He observed the vessel's ongoing operations, which include LNG unloading, regasification, and injection into the national grid. Badawy also inspected the newly completed second marine berth at SUMED, which has been under development since September of last year. Designed to host an additional regasification vessel, the berth is now 100% complete, with trial operations underway ahead of the FSRU's arrival. The project is considered a key component of Egypt's national strategy to enhance natural gas infrastructure. The tour continued at Sonker port, where the minister reviewed progress on laying horizontal pipelines that will connect a future regasification vessel to the national grid. He also examined the installation of a 36-inch, 17-kilometer gas import pipeline, which will serve as a vital conduit for the third FSRU expected to dock at the site. During the visit, Badawy received detailed briefings from Yasser Salah, Chairperson of GASCO, and Walid Lotfy, Chairperson of Petrojet. The two entities are collaborating on LNG infrastructure projects at both SUMED and Sonker ports. GASCO led the engineering and technical studies, sourced materials and equipment, and provided project management. Petrojet executed the construction, which includes two high-capacity marine and onshore pipelines, and the installation of two massive 16-inch-diameter loading arms—among the largest globally—to ensure efficient regasified gas handling. The SUMED project has been finalized and is fully operational in anticipation of the second FSRU's arrival. Meanwhile, construction continues at Sonker port to ready the infrastructure for the docking of a third regasification vessel. These developments are part of a broader national effort to reinforce Egypt's natural gas supply chain and ensure stable electricity production during the high-demand summer period.
