Egypt’s Badawi Strike a Joint-Venture Deal with Technip Energies

The minister of petroleum and mineral resources of the Arab Republic of Egypt, Karim Badawi, has held a meeting with delegates from Technip Energies to discuss the executive steps required establishing a joint company, including the participation of ENPPI and Petrojet.

Reports seen by AEP indicate that the project is expected to be completed by the end of June 2026, implementing projects both within Egypt and abroad.

The minister stated in a statement that the alliance seeks to create a flexible entity capable of executing front-end engineering design (FEED) as well as construction projects with high efficiency and speed while maintaining local components.

Speaking on partnership, he noted that healthy collaboration will enhance the added value of the petroleum sector and support Egypt's role as a regional energy hub.

Speaking at an event, Marco Villa, the chief business officer at Technip Energies, highlighted that the deal covers the transfer of advanced technology, achieving integration by leveraging the local assets of Enppi and Petrojet, and securing financial solutions through international credit agencies.

Beyond partnership, the new company will serve as a unified platform that provides digital solutions and AI apps into project implementation, focusing on training and preparing young generations to compete internationally.