Cairo, February 14, 2023. We are at EGYPS – Egypt Petroleum Show , one of the most important exhibitions and conferences for the Oil & Gas industry in the Mediterranean area.
In this special venue, Walter Tosto and Petrojet – leader EPC contractor in Egypt, North Africa and Middle East – renewed the cooperation agreement on Oil & Gas projects in Egypt.
Luca Tosto, CEO of Walter Tosto SpA and Waleed Lotfy, Chairman of Petrojet have signed the agreement, expressing their mutual interest to continue this collaboration for new opportunities in the Egyptian market.
The first agreement between the two companies was signed in 2019 and since then they have collaborated on specific projects where Walter Tosto supported Petrojet with its know-how to locally produce critical equipment. One of these projects was related to the construction of two reactors for which our company supplied semi finished products that were assembled in Petrojet with Walter Tosto’s inspectors supervision. Another joint work concerned the manufacturing of 4 bullets. For this project, Walter Tosto was appointed to provide engineering and materials procurement.
Following this successful collaborations, both the companies laid the foundations for more relevant projects that will concern a more important and direct involvement of Walter Tosto in the Egyptian market.