Egypt's petroleum ministry said on Sunday that a consortium of Petrojet and ENPPI had been selected for a six-year engineering, procurement and construction framework agreement with Petroleum Development Oman covering a portfolio of projects worth more than $6 billion.
The agreement makes the consortium one of four global consortiums eligible to bid for projects within the portfolio, according to the ministry.
The ministry said the deal was part of Egypt's strategy to support the expansion of petroleum-sector companies abroad and increase exports of engineering and technical services.
The consortium is expected to support Oman's in-country value targets through knowledge transfer, training Omani engineers, and increasing the participation of local companies and national supply chains, the ministry said.
The ministry said the agreement opened new horizons for partnership between Egypt and Oman in the energy sector.
