NEW YORK U.S. Steel Tubular Products, a subsidiary of U.S. Steel Corp., has formed an alliance with MRC Global Inc. and North America Western Asia Holdings LLC (NAWAH) to supply oil well equipment in southern Iraq.
"This consortium has committed to providing an initial inventory of oil well equipment to launch the effort and plans to expand Iraqs in-country supply of material when the oil well demand increases," the companies said in a statement April 9, adding that the first shipment of oil well material is expected to arrive in early May.
"To play a role in equipping what will potentially be some of the worlds largest petroleum extraction projects while simultaneously helping Iraq become economically sustainable is an enormous opportunity," said George Thompson, vice president of tubular commercial for Pittsburgh-based U.S. Steel.
"Leveraging the reputation that U.S. Steel Tubular Products has built globally with its energy tubular products, combined with the expansive portfolio of pipes, valves, fittings and flanges that MRC Global supplies across the globe and NAWAHs regional and in-country operational expertise, we believe that this consortium can be a successful part of Iraqs energy infrastructure rebuilding," Rory Isaac, executive vice president of international operations at Houston-based MRC Global, said.
The size of the Iraqi oil and gas fields could rival those of Saudi Arabia, NAWAH president and chief executive officer Paul Brinkley said in the statement.
MRC signed an agreement with Dubai-based NAWAH in March last year (amm.com, March 19). NAWAH has a sales office and service center in Basra, Iraq.