Egypt’s Ministry of Petroleum will form a joint venture company with Hill International, a US consulting company, to manage oil and gas projects in the Middle East and North Africa.
The ministry will hold a 50 per cent share in the joint venture through two subsidiaries: the Egyptian Natural Gas Holding Company (Egas) and the Egyptian Natural Gas Company (Gasco).
Egas oversees the development of Egypt’s natural gas resources.
Gasco operates the country’s natural gas transmission grid.
On 11 December, Kuwait National Petroleum Company awarded a consultancy contract for the new $15bn al-Zour refinery to a joint venture of Hill and Kuwait’s System Development & Project Management
In October, Hill won the contract to project manage Riyadh’s $7.8bn King Abdullah Financial District development, the firm’s first project in the kingdom.
In September, Tameer Holding of the UAE appointed Hill as the project manager for the $1.6bn Tameer Towers development on Reem Island in Abu Dhabi.
It was also appointed to manage the $817m Mall of Arabia project in Dubailand in September.
The firm is working with Abu Dhabi National Oil Company on design management and construction supervision services for onshore and offshore projects.
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