Alexandria Petroleum Maintenance Company (Petromaint), a subsidiary of Egypt’s Ministry of Petroleum, has secured EGP 3.75bn ($121mn) contract to provide full maintenance services at Iraq’s Zubair oilfield, Economy Plus reported on September 1. 

Ahmed Hassan, assistant general manager for business development, is cited as saying the company began work in the field several weeks ago, with the agreement set to run for three years.

Petromaint is looking to expand its cooperation with international operators in Iraq, particularly Italy’s Eni, to broaden its footprint in the market, and is also considering establishing a specialised maintenance and construction services plant in Algeria, focusing on the oil, gas, and petrochemicals sectors. 

Hassan said that regional expansion remains a top strategic priority for Petromaint, as the company leverages its workforce, technical expertise, and international partnerships to solidify its position as a leading oilfield services provider in the MENA region.

According to Egypt Oil and Gas, Petromaint is expanding its international footprint, including a 20% joint venture stake with Modern Gas in Saudi Arabia and active branches in Libya, Oman, alongside a growing share of foreign-sourced revenues. 

The company employs around 10,000 workers, nearly 5% of whom are engineers and technical specialists in maintenance and engineering inspection.

Petromaint has operations in Libya, Saudi Arabia, Iraq, and Oman, and subsidiaries in Muscat as well as branches in Jordan, the UAE, and Niger.