Companies To Target Project Collaboration on Accelerating Energy Sector Development
BEIJING - Sunday, February 8th 2015 [ME NewsWire]
(BUSINESS WIRE) -- Pipeline engineering and construction leader China Petroleum Pipeline, along with distributor and logistics service provider North America Western Asia Holdings, today announced that the two companies have entered into an agreement to jointly pursue potential energy sector development projects in Iraq.
With projections calling for $48 billion of infrastructure investment to meet Iraq’s production targets, the country is experiencing unprecedented demand for international partners like CPP and NAWAH to help accelerate development of new pipelines, refineries and export facilities. Combining CPP’s more than 40 years of experience in the energy industry with NAWAH’s Iraq-focused equipment and supply-chain expertise, the two companies are strongly positioned to win business in the resource rich country.
“Over the past 15 years, from West Africa and throughout Asia, CPP has constructed more than 40 long-distance pipelines totaling 50,000 kilometers and installed tank farms capable of storing 20 million cubic meters of oil and gas,” said CPP President Zhao Yujian. “We have the credentials and the commitment to assist Iraq in its accelerated, unparalleled development efforts.”
NAWAH – headquartered in the United Arab Emirates with operational focus in Iraq – has quickly gained a reputation as a key logistical service provider in southern Iraq through both its world-class supply and distribution as well as its shipping and port management business lines. Exclusive partner for the world’s largest provider of pipe, valve and fittings to the international oil and gas industry, three-year-old NAWAH strategically maintains a robust, in-country inventory of essential materiel to serve a growing energy sector.
“Working alongside an industry-leading player like CPP furthers NAWAH’s reach into Iraq’s infrastructure development efforts,” said Paul Brinkley, NAWAH’s president and CEO. “Together with CPP’s technical ingenuity and NAWAH’s extensive reach into the Iraqi market as well as the company’s modern transparent business practices, this partnership brings enormous capabilities to Iraq and the country’s historic efforts.”
Under the agreement signed during a formal ceremony in CPP’s global headquarters in Langfang, China, CPP and NAWAH will seek an array of business opportunities in Iraq’s energy sector.
China Petroleum Pipeline is a subsidiary of China National Petroleum Corporation (CNPC) specializing in engineering and construction of oil and gas industry-related projects.
North America Western Asia Holdings is dedicated to the communities it invests in through its strategic, long-term local partnerships, while maintaining rigorous international standards of transparency and accountability. More information about NAWAH and its lines of business can be found at www.nawah.com, www.nawahsupplyanddistribution.com and www.nawahportmanagement.com.
China Petroleum Pipeline
Xiang Erhu, Vice President of CPP Middle East
+86 13785696998 (China)
+971 50 279 4766 (UAE)
Eric E. Clark, Senior Vice President