PetroJet, an Egyptian engineering firm, has won a US$81mn contract to design and build a petroleum pipeline in Libya. Egyptian petroleum minister Sameh Fahmi says the project involves constructing a 750km pipeline to carry crude oil from the Al Feel fields in the south to an export terminal at the Mediterranean Sea.
Five foreign firms competed with the Egyptian company on the project, which is expected to cost €
99mn. Work will be starting in November.
Petrojet also won another tender announced by Saudi Aramco to install and manufacture an oil platform in the Saudi area on the Red Sea.