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Petroleum: Petrojet is one of the strategic arms of the state in implementing national projects



Engineer Tariq Al-Mulla, Minister of Petroleum and Mineral Resources, during his presidency of the General Assembly of Petrojet to approve the results of the 2020 work, that the company is an executive arm for the petroleum sector in the implementation of all its projects, and has also become one of the important strategic arms of the state in the implementation of national projects in various sectors, explaining that it has proven Great efficiency in the implementation of all projects entrusted to it in the petroleum sector in Egypt and abroad or national projects to fulfill the state's development plans, praising its commitment to the time programs for the implementation and operation of projects in light of a global pandemic that affected various countries and sectors around the world.

 

He added that the implementation and operation of projects in the oil and gas sector is evident in its importance in supporting the efforts of the planned state to contribute to achieving high economic growth rates after overcoming the Corona pandemic, especially since oil and gas projects are a fundamental pillar of economic growth.

 

Al-Mulla indicated that Petrojet was committed to applying precautionary measures and safety controls in projects to preserve the health and safety of workers who represent its true wealth, thanking the employees for their dedication and excellence in performance in light of the challenges of the Corona pandemic, pointing out that their sense of loyalty and belonging has greatly enhanced their performance. And their challenge to the difficult conditions that the world is going through in light of the Corona pandemic and support their belonging to Egypt.

 

Engineer Walid Lotfy, President of Petrojet, reviewed its work strategy during the year 2020, which it worked to develop to match the new variables and the emergence of the Corona pandemic by adopting many rapid and comprehensive measures and alternative plans to deal with the new challenges, which included the continuation of work and expansion in the local market in light of the continuous growth of investments. In the petroleum sector and the growth of national projects implemented by the state, which Petrojet contributes to its implementation, most notably the project of the duplication of the tunnel of the martyr Ahmed Hamdy 2 in Suez, the first phase project of the fourth line of the subway, the electrified express train project (peace / tenth of Ramadan) and the nitrogenous fertilizer production complex project in Ain Sokhna And the project to develop the Central Ring Road and infrastructure projects in the New Administrative Capital, such as implementing tunnels and infrastructure networks and the central park area (Green River) and the project to accompany 2,300 feddans in the New Alamein. It also participated in the implementation of many new petroleum sector projects, most notably the Egyptian Refinery in Mostorod and the high gasoline production complex. Octane in Assiut and the expansions of the Midor refinery in Alexandria New Alamein Gas Pipeline.

 

He pointed to the work to maximize the activities of local manufacturing and localize its technology, including the establishment of a new packaging factory for pipes in Suez, local manufacturing workshops for equipment in New Alamein and studying the establishment of the first equipment manufacturing workshop in Al-Tebeen, and it also succeeded in opening new horizons for work in the field of operating tests for new projects and the implementation of projects. With new contractual systems such as boo, Epc.

 

He explained that, in order to activate these trends, Petrojet has developed its fields of work to include the smart system works for the automatic connection of fuel storage warehouses and supply stations, adding the activity of operating tests, developing specialized manufacturing workshops, and concluding agreements with companies granting project licenses to manufacture specialized equipment, and expanding the customer base by adding new customers inside and outside Egypt. And strengthening the trend towards signing new joint cooperation agreements and forming coalitions with many clients within the targeted projects for the coming period.

 

He pointed out that the performance indicators achieved during the year reflect the success of the measures implemented in facing the challenges and limiting the effects of the pandemic by preserving the company's capabilities in implementing more than 350 projects inside and outside Egypt and achieving the volume of contracts worth 53 billion pounds, an increase of 15% over the year 2019 in addition to securing the volume Businesses worth more than 31 billion pounds, an increase of 5% over the year 2019.

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