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

The agreement, which runs for three years, marks a significant step in the company’s regional expansion. Work at the site commenced several weeks ago, confirmed Ahmed Hassan, assistant general manager for business development.

Petromaint has set its sights on deepening cooperation with international energy operators in Iraq, with particular focus on Italy’s Eni. At the same time, the company is weighing the establishment of a specialised maintenance and construction services facility in Algeria, targeting the oil, gas, and petrochemicals sectors.

Hassan emphasised that regional expansion continues to be a strategic priority for Petromaint, noting the company’s reliance on its workforce, technical expertise, and global partnerships to strengthen its role as a leading oilfield services provider across the Middle East and North Africa.

The company’s international presence is steadily broadening. According to Egypt Oil and Gas, Petromaint holds a 20% stake in a joint venture with Modern Gas in Saudi Arabia and maintains active branches in Libya and Oman. Its foreign-sourced revenues are also on the rise, underlining the importance of its overseas operations.

With a workforce of around 10,000 employees – nearly 5% of whom are engineers and technical specialists – Petromaint has built a wide operational base across the region. The company runs projects in Libya, Saudi Arabia, Iraq, and Oman, while also maintaining subsidiaries in Muscat and branches in Jordan, the UAE, and Niger.