RIYADH: A consortium of Egypt’s Petrojet and Enppi has won a long-term engineering, procurement and construction framework agreement with Petroleum Development Oman, giving the Egyptian alliance access to a project portfolio worth more than $6 billion, Egypt’s Ministry of Petroleum and Mineral Resources said.
The deal, signed at Petroleum Development Oman’s headquarters, runs for six years and places the Petrojet–Enppi alliance among four international consortia and contractors qualified to compete for projects through competitive tenders.
The expansion is creating new opportunities for regional contractors such as Petrojet and Enppi, as Gulf states increasingly pair large-scale project spending with policies that promote local content, technology transfer and workforce development.
The award comes as Gulf energy producers ramp up investment in upstream and gas infrastructure projects. In the UAE, ADNOC has announced $55 billion in project awards between 2026 and 2028, and Saudi Arabia is also increasing gas production capacity, with Aramco targeting an 80 percent increase in sales gas output by 2030 compared with 2021 levels.
Six-year framework
