Cairo, Egypt – November 21, 2023 – “TAQA” (Industrialization & Energy Services Company) a leading well solutions provider in the energy industry headquartered in Dhahran – Saudi Arabia , and “Petrojet”, a leading regional Engineering-Procurement-Construction (EPC) contractor headquartered in Cairo-Egypt, signed during the visit of H.E Mr. Majid Al-Qasabi, Minister of Commerce of Saudi Arabia to Egypt, a Memorandum of Understanding (MoU) for the formation of a strategic alliance to explore and pursue integrated oilfield projects in the AFRICA & the Middle East Regions.
The Alliance will leverage the collective expertise and capabilities of both companies to identify and seize opportunities in various aspects of oilfield development in Africa & Middle East, including early production facilities, engineering, fabrication, and manufacturing of equipment.
The MoU was signed by the Executive Vice President Well Solutions of TAQA and Chairman & Managing Director of Petrojet.
