NEW YORK MRC Global Inc.
is turning its focus on Iraq, entering an agreement under which
North America Western Asia Holdings LLC (Nawah) will sell its
pipe, valve and fitting (PVF) products in the country.
"Iraq is a natural focus area
for us and for our customers. With some of the worlds
greatest energy reserves, (the country) will continue to grow
at a record pace," chairman, president and chief executive
officer Andrew Lane said in a statement.
Nawah will open a sales office
and service center in Basra, close to some of the
countrys most important oil and gas fields, where it will
distribute MRCs products, the Houston-based company
"With this new facility, the
countrys energy companies will no longer have to wait
weeks or months for critical equipment to be shipped in from
the other side of the world," Nawah president and chief
executive officer Paul A. Brinkley said.
Nawah, an investment vehicle for
Iraq and the broader region, was formed by Brinkley and Thomas
J. Pritzker, chairman and chief executive officer of
Chicago-based investment firm Pritzker Organization.
MRC is the worlds largest
supplier of PVF and related products and services to the energy
industry by sales, according to its website.