EnerMech has announced that it has launched a joint venture (JV) with the Khudairi Group in Iraq to target the oil and gas and large infrastructure sectors.
The company expects the JV to generate US$20 million-plus turnover within a short period.
EnerMech’s Middle East General Manager, Chris Barker will lead the new enterprise, reporting to John Guy, Regional Director for EnerMech Middle East, Asia and Caspian, and Mohammed Khudairi, Director for the Khudairi Group.
John Guy said: “There are a large number of opportunities in Iraq’s oil and gas sector as well as in large capital projects in the infrastructure sector, and working with Khudairi Group, which has long-established relationships with the major operators, will leverage benefits for both companies.
“We share the same ethics and business values and believe that the joint venture can evolve in to a US$20 million plus per annum enterprise within three to five years. We are in the process of tendering for a significant number of workscopes and are already seeing substantial traction.”
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/09052017/enermech-launches-jv-with-khudairi-group/