Agreement signed at ADIPEC further strengthens NPCC's geographic footprint and growth opportunities

Abu Dhabi, UAE: National Petroleum Construction Company (NPCC) a subsidiary of National Marine Dredging company, has signed a strategic memorandum of understanding (MoU) with The Petroleum Projects and Technical Consultations Company (PETROJET), for exploring engineering, procurement and construction services that will enhance its global geographic footprint.

The agreement was signed at the ADIPEC Exhibition, the world’s most influential meeting place for oil, gas and energy companies and professionals, organised by ADNOC.

NPCC signed an agreement with PETROJET for mutual cooperation in the fields of Oil and Gas for exploring EPC project opportunities in UAE and Egypt. The MoU was signed by Eng. Ahmed Al Dhaheri, CEO of NPCC and Waleed Lotfy, Chairman of PETROJET, in attendance of His Excellency, Eng. Tariq al-Mulla, Minister of Petroleum and Mineral Resources in Egypt, Eng. Yasser Zaghloul, Group CEO of NMDC and other senior officials from both companies.

PETROJET has proven capabilities in the execution of petroleum, petrochemical, industrial and marine projects of different nature and size inside and outside Egypt. The MoU is a step towards exploring major opportunities in offering the vast experience of both companies and expand the business into new areas of interest.

NPCC is a world-class EPC company that has been providing total EPC solutions to offshore and onshore oil and gas, petrochemicals and renewables sectors for over four decades in MENA and the Indian Subcontinent.           

Eng. Yasser Zaghloul, Group CEO of NMDC, said: “The MoU signed by NPCC further underline the confidence of global energy sector majors in its competencies in the EPC sector. Such partnerships are significant not only in growing the company’s operations in the region, especially in the sectors such as downstream, but also to build our geographic footprint and add further value to our stakeholders and partners.”

Eng. Ahmed Al Dhaheri, CEO of NPCC, said: “We continue to build on our partnerships with PETROJET through the strategic agreement to explore growth opportunities that benefit all the entities. The MoU highlights our proven track-record in delivering complex EPC projects as well as defines our strategic ambition to expand to new sectors, supported by our vision to be a global EPC major.”

Eng.Waleed Lotfy, Chairman of PETROJET, said: “We are delighted to sign an MoU with NPPC, a leading EPC contractor in the region. Though this partnership we will be expanding our footprint and share expertise within the sector, and we will continue our focus on co-developing the localised solutions and capabilities required to enable us to respond to local and global market needs, while continuously improving the quality of service we provide to our customers.”

Being a part of National Marine Dredging Company “The Group”, NPCC has plans to enter and explore new countries to further fulfil the EPC sector with world class services, solutions and expertise.

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