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Interview

Eng. Salah Ismail – Chairman and CEO, PETROJET, Egypt

Eng. Salah Ismail, Chairman and CEO of Petroleum Projects and Technical Consultations Company (PETROJET), discusses his mission to deliver on the nationally critical megaprojects currently being executed in Egypt, PETROJET’s impressive 40-year track record of success, and their value proposition as a regionally leading EPC player that always deliver on their promises.

Eng. Salah, you were appointed as Chairman and CEO of PETROJET in February 2017. What have been the highlights of your first few months in office?

“With mega projects under construction and many others in the pipeline, Egypt is probably one of the very few markets that have survived the global economic slowdown.”

Leading a company with the size and diversity of services and locations like PETROJET is definitely a great challenge. I spent almost twenty years with the Egyptian Maintenance Company (EMC) and saw it grow from 35 employees to nearly 7,000 today. Now I oversee a company with over 30,000 employees! But I can say that I am lucky to have a dedicated team of colleagues, both managerial staff and employees, who are truly dedicated to the company.

I am definitely putting all my efforts to continue the successful heritage of the company, and maintain its position as one of the leading players in the construction business in Egypt, and the Middle East and Africa (MEA) region.

With mega projects under construction and many others in the pipeline, Egypt is probably one of the very few markets that have survived the global economic slowdown. Such megaprojects like the Zohr Gas Field Development, West Nile Delta, Suez Canal Tunnels, National Plan for Roads, National Plan for Grain Silos and Egypt New Capital, etc. are definitely a testament of the market strength here. PETROJET was especially privileged to participate in all these developments.

I am giving special emphasis to achieving the seamless completion of the current fast-track national projects that are critical to Egypt’s development. I am also paying a lot of attention to diversifying into new business areas, thinking outside of the box and stretching our wings into new markets. Sub-Saharan Africa is definitely a destination that we are working hard on, particularly East Africa and Mozambique, first in oil and gas, and then expanding into other sectors.

Can you tell us more about PETROJET’s track record of over 40 years of excellence in EPC for the entire oil and gas value chain?

PETROJET is a multidisciplinary integrated contractor founded in Egypt in 1975 to be the strong construction arm of the Egyptian Petroleum sector. Through our constant focus on development, we have expanded into other sectors as well as other service offerings, including engineering and procurement, with the goal of becoming a fully-fledged EPC contractor. There is a lot of room for innovation in the EPC sector as our aim is to deliver creative solutions and new ideas to our clients’ problems.

Since 1975, the company has maintained a steady pace building a world-class experience base across various strategic focus areas like Oil, Gas, Chemical, Petrochemical, Power, Industrial & Infrastructure Projects.

Our activities cover:

1.EPC/Construction (CMEI) of

– Oil Refineries

– Oil Treatment, Gas Processing and Gas Liquefaction facilities

– Cross-Country Pipelines

– Storage Tank Farms.

2.Fabrication, Load-out & Sea Fastening of Offshore Platforms & Deep Water Structures.

3.Fabrication of Process Equipment (ASME – API – R).

4.Major Civil & Infrastructure Works.

5.Pipe Coating (Anti-Corrosion & Weight Coating).

What differentiates PETROJET from other EPC players is definitely the one-stop-shop solution we provide to our clients, and the diversity of resources the company owns both inside and outside Egypt. The track record of the company is definitely a testament of our capabilities and capacity to shine in competition with other companies.

What are some flagship projects you can highlight that showcases PETROJET expertise and capabilities?

PETROJET enjoys an impressive track record of successfully completed large-scale projects, and it is a fact that PETROJET has participated in almost all the projects within the entire Egyptian Petroleum infrastructure sector since 1975.

For instance, PETROJET built almost the whole of the Egyptian pipeline grid for Oil, Gas and Products, in addition to numerous pipeline projects across the Middle East and North Africa, reaching up to 30,000 kilometers.

Also, the company’s track record comprises an impressive list of storage tank projects reaching to over 400,000 tons of steel for all types of tanks (cylindrical, spherical and cryogenic).

Another main activity is the fabrication of various types of process equipment like towers, pressure vessels, heat exchangers, air coolers, oil field pumping units. Our track record exceeds 1,300 units.

Offshore fabrication is also a main activity, as the company utilizes its two marine fabrication yards at Maadia (Mediterranean) and Zeit Bay (Red Sea) to fabricate all types of offshore platforms for shallow water and subsea completion structures for deep water.

PETROJET also utilizes two pipe coating facilities at Port Said and Suez for corrosion coating (polyethylene, polypropylene, polyurethane, etc.) and weight coating (concrete).

Finally, PETROJET has also made considerable strides in infrastructure projects comprising large scale motorway tunnels, roads and bridges, ports, grain silos and buildings, to name just a few.

A short list of other projects

–           Assiut Refinery in Assiut, Egypt.

–           MIDOR Refinery in Alexandria, Egypt.

–           Various stages of Alexandria Petrochemicals Complex (ethylene and polyethylene) in Alexandria, Egypt.

–           Egyptian Linear Alkyl Benzene facility (ELAB) in Alexandria, Egypt.

–           Polystyrene Plant in Dekheila, Alexandria, Egypt.

–           Upper Egypt Gas Pipeline (Dahshour to Aswan) in Egypt.

–           Egyptian Gas Liquefaction Project in Idku, Egypt.

–           Egypt Gas Liquefaction Project in Damietta, Egypt.

–           Methanol Plant (EMethanex) in Damietta, Egypt.

–           Ammonia/Urea Fertilizers Plant (MOPCO) in Damietta, Egypt.

–           Expansion of Sumed Storage Capacity (Phase IV – 6 x 175,000 m3 Cylindrical

Tanks) in Sokhna, Egypt.

–           Expansion of Sumed Storage Capacity (Phase III – 9 x 120,000 m3 Cylindrical

Tanks) in Alexandria, Egypt.

–           El Merk Gas Field Development Project Pkgs 1,3,4&7 in Algeria.

–           NK1 Crude Oil Pipeline (30”/650 Km from Haoud El Hamra to Skikda) in Algeria.

–           Nuayyiem ASL Crude Increment Pipelines (16”/180 Km) in Saudi Arabia.

–           Yanbu Export Refinery Pkgs. SP1 & SP3 in Saudi Arabia.

–           Yanbu Gas Plant Expansion in Saudi Arabia.

–           Yemen LNG Project in Yemen.

–           Kharir Basement Processing Unit in Yemen.

–           Arab Potash Cold Crystallization Plant in Jordan.

–           Jordanian Gas Transmission Pipeline (36” /400 Km from Aqaba to rehab) in Jordan.

–           Sharara Mellita Crude Oil Pipeline (30”/725 Km from Sharara to Mellitah) in Libya.-       Yas Mina Zayed Gas Pipeline (30Km) in UAE

–           JET A1 Fuel Pipeline from QP Refinery to BVS-3 (16” / 30 Km) in Qatar.

–           Barik to BVS-8 SOGL Loop Line (20”/157 Km) in Oman.

PETROJET also operates in 14 other countries and is an established regional player. How important is it to have Egypt as a home base?

The recent developments in the Mediterranean have whetted the appetite of international developers to put significant investments to explore much more in deeper waters, and also many other locations onshore. With the Ministry of Petroleum exerting every effort to procure more investments, I am positive that lots of potential will be unleashed. This, of course, means good news for contractors like PETROJET.

International projects represent an important part of PETROJET’s operations. However, PETROJET’s commitment towards the oil sector and national projects represents an integral part of its ideology, meaning that this commitment is not subject to change at any time. This commitment stems from a true affiliation to the Egyptian Petroleum sector, which we are genuinely proud to be part of. Accordingly, PETROJET always places unconditional first priority to realizing its commitment towards the Egyptian Petroleum sector.

As a national success, what role will PETROJET continue to play to support the Ministry of Petroleum’s Modernization Program for the oil and gas sector?

PETROJET is considered one of the largest companies operating under the umbrella of the Ministry of Petroleum. With over 30,000 people working in almost every petroleum location in Egypt, PETROJET is definitely a candidate to be a major player in this ambitious program, which we hope will take the sector large steps forward.

It is fortunate as well that PETROJET has already taken considerable steps in modernizing its own systems. We are genuinely interested in this program, and look forward enthusiastically to be an active part of it.

Do you have a final message for our investors?

PETROJET is today a recognized regional EPC contractor capable of delivering end-to-end services across the whole petroleum value chain. Over the past six years, we have faced very difficult challenges, but we have managed to overcome this difficult period while also tripling our revenues, which is an impressive feat.

This shows that PETROJET is a company that can be relied on, who puts delivering on our promises as our first priority.

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