Petromoniem was registered in 2002 under the Companies Act of Sudan as a private limited company, under the name of Abdel Moniem International Petroleum Co. Ltd. Petromoniem, is affiliated to the Abdel Moniem Family groups of companies, established as a stepping stone dedicated to venture the Sudan’s booming Oil & Gas sector.
In its conception, Petromoniem was a joint venture between M/S Abdel Moniem United Project Development & Marketing Co. Ltd. (AMUPDM), Sudan and M/S International Oil Development Company (IOD), Egypt. Petromoniem was to facilitate the latter's expansion into the region for Oil wells related services. IOD’s continued commitments in Egypt delayed commencement of Petromoniem activity. Eventually in 2005, AMUPDM acquired all IOD shares with a new vision and in 2006 Petromoniem commenced its activities.