CAIRO: The Petroleum Projects & Technical Consultations Co. (Petrojet), has unveiled plans to implement two new natural gas projects in Iraq worth $165 million (1.2 billion EGP).
Petrojet Chairman of the Board of Directors Mohamed Shemy told alMal daily business newspaper Sunday that the Egyptian company will implement the two projects in the coming year. He added that the company presented several offers to start new projects in the Iraqi market and studied a number of other projects.
The first project will be worth $65 million and will include the construction of five gas compressors at the Zubair oil field in southern Iraq for the Iraqi State Company for Oil Projects (SCOP), Shemy said.
He added that the second project will cost about $100 million and includes constructing liquefied petroleum gas (LPG) pipelines between Nasiriyah in the southern interior to the port of Khour al-Zebeer near Basra on the Persian Gulf.
Petrojet has been present in the Iraqi market since 2009.