• News & Knowledge
  • 21 November 2023

TAQA Well Solutions and Petrojet Forge Strategic Alliance to Capture Integrated Oilfield Opportunities

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.

“This strategic alliance is expected to generate significant benefits for both TAQA and Petrojet, enabling capturing new market opportunities, enhancing technical capabilities, and poised to contribute positively to the overall growth for both companies”
Amir Nessim, Executive Vice President Well Solutions of TAQA

The signing of the MoU is the anchor for several future cooperation between the two companies in the Middle East and Africa.

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