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News Egypt Petroleum Technology receives bids for oil well cement production projects

Egypt Petroleum Technology receives bids for oil well cement production projects

Written by Global Cement staff 21 March 2018
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Egypt: Egypt Petroleum Technology (EGYPTCO) has received bids from US, Canadian and Saudi Arabian companies to finance two oil well cement production projects with a value of US$500m. An agreement is expected to be reached by mid-2018, according to the Egypt News Daily newspaper. The company is seeking to reopen an existing cement production line and build a new plant to produce both specialist cement and additives.

Published in Global Cement News
Tagged under
  • Egypt
  • Egypt Petroleum Technology
  • Oil well
  • Investment
  • GCW345

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