PHOTO
Oil, Gas and Infrastructure Projects Will Yield $20m Turnover
EnerMech has launched a joint venture with the Khudairi Group in Iraq to target both the re-emerging oil and gas and large infrastructure sectors. The JV, with one of the country’s longest established family-owned groups, is expected to generate $20 million-plus turnover within a short period.
The downstream energy and infrastructure rejuvenation along with new investment in capital projects makes Iraq a key target market for the international engineering services specialist, which plans to roll out all of its services and to invest in new equipment in both Basra and Erbil.
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.
The Khudairi Group has a 100-year long business pedigree and is owned by one of Iraq’s most prominent commercial families. Their expertise in Engineering, Procurement and Construction, Pipeline and Piping Systems and Electrical & Instrumentation dovetails with EnerMech’s main business lines.
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 $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.”
Headquartered in Aberdeen, EnerMech employs more than 2500 people across the UK, Europe, the Caspian and Middle East, Asia, Australia and the Americas.
-Ends-
Formed in April 2008, EnerMech provides a broad range of asset support services to the international energy and infrastructure sectors from pre-commissioning through operations and maintenance and late life support / decommissioning. The business is focussed on offering a safer, more customer-focused, responsive service at lower cost while delivering a much greater level of engineering and technical support than competitors can offer.
With a 2500-strong workforce, EnerMech specialises in providing integrated supply, operations, maintenance and engineered solutions in its core services of Cranes and Lifting, Electrical and Instrumentation, Equipment Rental, Hydraulic products and services, Industrial Services, Process, Pipeline and Umbilicals (PPU),Training and Valve supply and services.
The group is headquartered in Aberdeen with bases in Great Yarmouth, Bristol (UK); Stavanger, Bergen, Hammerfest, (Norway); Houston, Broussard, Slidell, Casper (USA), Trinidad, Mexico, Abu Dhabi, Iraq, Qatar, Saudi Arabia, Azerbaijan, Kazakhstan, Georgia, Singapore; Perth, Melbourne, Sydney, Sale, Brisbane, Darwin, Gladstone, Chinchilla (Australia); Malaysia, China, South Korea, India, Ghana, Nigeria, Angola and South Africa.
Website: www.enermech.com
Issued on behalf of EnerMech Ltd by Sure Public Relations Ltd. For further information, please contact Stephen Rafferty on +44(0)7980 598764 or email moreinfo@surepr.co.uk
Khudairi Group
The Khudairi family has been one of the most prominent trading families in Iraq, and presided over an array of different commercial endeavours. Early in the 20th century, the family became the first dealer in Iraq for General Motors and Volvo. In 1963, Subhi Khudairi, Sr., established the Al Nadir Trading Company, which grew into a household name as one of the largest food and drink distributors in Iraq. The Khudairi family has owned and operated a variety of other companies.
In 2009, Khudairi Group shifted its focus to supporting Iraq’s growing oil sector, serving both Iraqi government oil sector clients as well as the international oil and oil services companies re-entering Iraq. In 2012, the group opened an office in Dubai to better support its Iraq operations.
Today, the Khudairi Group employs over 250 full-time employees across its offices in Houston, Dubai, Erbil, Basra, Baghdad, Sulaymaniyah, and Amman, and continues to grow as a leading provider of services to the oil and gas and construction industries in Iraq.
Visit us at: https://www.khudairigroup.com/
© Press Release 2017
