US firms form alliance to service Iraq oil sector
Dubai, April 10, 2014
North America Western Asia Holdings (Nawah); US Steel Tubular Products, a subsidiary of United States Steel Corporation; and MRC Global have announced an alliance to bring critical oil well equipment into the natural resources-rich region of southern Iraq.
The consortium will serve an international line-up of leading oil and gas companies charged with developing Iraq’s giant oil and gas fields.
This consortium has committed to providing an initial inventory of oil well equipment to launch the effort and plans to expand Iraq’s in-country supply of material when the oil well demand increases. The first shipment of oil well material is expected to arrive in Iraq in early May.
Nawah, with regional headquarters in Dubai and operational headquarters in Basra, Iraq, is focused on world-class port operations and supply and distribution centers in southern Iraq, the statement said.
US Steel Tubular Products is the largest integrated tubular products producer headquartered in the US with more than 100 years of experience serving the energy markets. Houston-based MRC Global is the largest global distributor of pipe, valve and fitting products and services to the energy and industrial markets. - TradeArabia News Service