EnerMech and Khudairi Group launched a joint venture (JV) 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 $20m-plus turnover within a short period, as informed on Your Oil and Gas News.
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.
According to Hydrocarbon Engineering, EnerMech’s Middle East General Manager, Chris Barker, will lead the new enterprise. Barker will report to John Guy, Regional Director for EnerMech Middle East, Asia and Caspian, and Mohammed Khudairi, Director for the Khudairi Group.
“There is 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,” Guy stated.