Egypt's state-owned Petrojet has been awarded a preliminary contract worth $1.087 billion to serve as general contractor for the second phase of Algeria's Hassi Bir Rekaiz oil field development, the petroleum ministry announced on Monday. Petrojet will lead the project in partnership with Italy's Arkad S.p.A. under a consortium arrangement, on behalf of the Hassi Bir Rekaiz complex — a joint venture between Algeria's Sonatrach and Thailand's PTTEP, the ministry said. The project includes the construction of a central processing facility with a capacity of 31,500 barrels per day and about 217 km of pipelines. The ministry described the deal as a "strategic milestone" for Petrojet, expanding its footprint in Algeria and supporting efforts to set up joint manufacturing workshops with Sonatrach to boost local content and foreign currency inflows. Petroleum Minister Karim Badawy said the award underscores Petrojet's growing regional role and technical capabilities, adding that the ministry is advancing a strategy to promote cooperation with Arab and African partners and enable national companies to implement large-scale projects abroad. Attribution: Amwal Al Ghad English Subediting: Y.Yasser
