After an 11-year absence, Egypt’s Petrojet returns to Libyan oil sector

After an 11-year absence, Egypt’s Petrojet has returned to resume its work in the Libyan oil sector. The announcement was made yesterday by the National Oil Corporation (NOC) after a virtual meeting between NOC chairman Mustafa Sanalla and the President of Petrojet Walid Lutfi, his assistant Hossam Kamal, it’s Vice President, Mohamed Al-Darawi, and the General Manager of Development, Ahmed Fouad.

At the beginning of the meeting, Sanalla expressed his happiness with the return of Petrojet to work in Libya, stressing the NOC’s determination to exploit the huge potentials enjoyed by the Libyan oil sector, and its desire to involve the reputable Petrojet, to contribute to the completion of huge projects, according to the available capabilities.

Sanalla briefed Petrojet officials on the ambitious projects and promising plans that the NOC seeks to implement despite the problems of closures and lack of funding, most notably the maintenance of dilapidated infrastructure, the rehabilitation of destroyed fields, and the maintenance of the warehouses of the Brega company.

The two sides discussed what the Petrojet can provide in the fields of maintaining gas lines and port infrastructure and rehabilitating closed fields and refineries to improve the level of oil production operations in Libya and increase its rates.

The NOC also confirmed its intention to benefit from Petrojet’s expertise in the rehabilitation of destroyed fields and gas field development projects in conjunction with the growing demand for it.

For their part, Petrojet officials expressed the company’s readiness to implement these projects, confirming the reopening of its headquarters in Libya, and their keen follow-up on developments in the Libyan oil sector, most notably the South Refinery project, hoping to participate in its completion, and expressing their desire to harness their capabilities and expertise to accomplish future joint projects.