PETROJET, Egypt’s leading petroleum and engineering company, has entered into a significant $21.76 million agreement with the Jordan Petroleum Refinery (JPRC) and Jordan National Shipping Lines (JNSL) to construct a liquefied petroleum gas (LPG) storage facility in the port city of Aqaba, Jordan. The deal involves the engineering, procurement, and construction (EPC) of two spherical storage tanks, each with a capacity of 2,000 metric tons, aimed at enhancing Jordan’s energy infrastructure. The facility is expected to be completed within two years.
Abed El-Rahim Boucai, Chairman of JPRC, emphasized that this collaboration demonstrates strong confidence in regional partnerships and furthers Arab cooperation in strategic infrastructure projects. The project is positioned as a vital investment that supports both the national economy and the energy sector by improving efficiency and sustainability.
Hasan Soud El-Heyari, CEO of Jordan Petroleum Refinery, described the initiative as a strategic move to build a more integrated LPG storage and distribution system. He noted that this development would also help reduce the logistical costs currently incurred in transporting LPG from Aqaba to various consumption hubs across Jordan’s governorates.
PETROJET’s Expanding Regional and Global Footprint
This project aligns with PETROJET’s ongoing strategy to broaden its regional presence and enter emerging global markets. The company is actively pursuing partnerships and construction projects in countries including Saudi Arabia, Libya, Jordan Petroleum Refinery, the UAE, and Kuwait, while also expanding into Iraq, Algeria, Oman, Mozambique, Angola, and Croatia. Alongside traditional oil and gas operations, PETROJET is diversifying into green hydrogen, seawater desalination, and solar energy sectors, positioning itself as a forward-looking player in sustainable infrastructure development.
In 2024 alone, PETROJET completed 265 projects worth over EGP 80 billion and secured new contracts totaling EGP 112 billion, with 60% of those projects located outside of Egypt, according to Chairman Waleed Lotfy during the company’s March general assembly. These figures highlight the company’s commitment to becoming a global leader in energy and industrial construction.
Major Projects and Future Developments
Earlier this year, PETROJET, in collaboration with ENPPI (Engineering for the Petroleum and Process Industries), landed a $1.24 billion contract for the Ruwais LNG project in the UAE. This major initiative will involve the construction of an LNG Pre-Conditioning Plant (LPP) as part of ADNOC Gas’ Hashpan facilities, with a combined processing capacity of 6.1 billion standard cubic feet per day. The upgraded plants will be integrated into the broader Ruwais LNG facility.
Additionally, PETROJET is advancing efforts to create a joint venture in Algeria with Sonatrach, aiming to produce static industrial equipment, marking the first manufacturing plant of its kind in Algeria. Plans are also underway for the launch of a manufacturing hub in Saudi Arabia’s King Salman Energy Park, in cooperation with Aramco.
With the Aqaba LPG storage project and a growing portfolio of international ventures, PETROJET continues to establish itself as a cornerstone in the Middle East and Africa’s energy infrastructure landscape.
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