Walter Tosto and Petrojet to sign an important agreement in Egypt

Cairo, Egypt – February 13, 2019. Walter Tosto has signed a mutual cooperation agreement with Petrojet, EPC contractor leader in Egypt, North Africa and Middle East.

The purpose of this collaboration is to support Petrojet in a technological upgrading process aimed at  pressure equipment and heat exchangers fabrication at their workshops. This process will initially involve a training phase of qualified Egyptian personnel at Walter Tosto’s headquarter with the aim of transferring them skills and know-how in the different areas of expertise such as Engineering, Manufacturing, Quality, Project Management and subsequently the activation of mentoring programs held by Walter Tosto’s specialized technicians at Petrojet workshops in Egypt. The objective of this path is to allow Petrojet and Walter Tosto to manufacture critical components for the Oil & Gas industry in Egypt, complying with the local content requirements, which are increasingly strategic for End Users.

The contract was signed by the CEOs of the respective companies, Luca Tosto – Walter Tosto SpA – and Waleed Lotfy Mostafa – Petrojet – as part of the Egypt Petroleum Show 2019 (EGYPS) event, the most important international fair in North Africa and Middle East dedicated to the Oil & Gas and Petrochemical industry.

Walter Tosto took part at the event, involving every year more than 20,000 visitors, industry representatives, EPCs and institutions, at the stand of the ICE Office in Cairo, the Agency for the promotion and the internationalization of Italian companies abroad, which coordinated the activities related to the company’s participation at the event.

Luca Tosto said: “I am sure that the collaboration with Petrojet will be fruitful for both companies, as it will allow Walter Tosto to facilitate his entry into the Egyptian territory, a market with a high growth potential for refining and petrochemicals, and Petrojet to take advantage of the great experience of an international partner“. The CEO of Walter Tosto also added: “This agreement was achieved thank to the intervention of Dr. Luciano Galli, official of the Ministry of Foreign Affairs and International Cooperation, whom I thank for his valuable contribution“.