MRC Global And NAWAH Enter Into An Exclusive Alliance To Open Distribution
Facility To Support Iraq's Energy Sector
HOUSTON, March 11, 2013
HOUSTON, March 11, 2013 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC), the
largest global distributor of pipe, valves and fittings (PVF) products and
services based on sales to the energy and industrial sectors, and NAWAH LLC, a
company aimed at building enduring businesses in Western Asia, today announced
an exclusive logistics alliance to serve Iraq's booming oil and gas market.
As part of the agreement, NAWAH (North America Western Asia Holdings) will
open Iraq's first comprehensive sales and service center focused on providing
the equipment necessary to develop the country's strategic energy reserves.
The facility's location in Basra, which is situated near many of the country's
most important oil and gas fields, allows quick delivery of MRC's extensive
inventory of quality PVF products.
MRC Global is a Fortune 500 company that operates from more than 400 service
locations around the world. The company relies on this distribution network
and long-standing, global manufacturer relationships to provide a unique value
proposition to energy and industrial end users in the upstream, midstream and
downstream sectors. MRC's global customer base includes international oil
companies operating around the world.
"Iraq is a natural focus area for us and for our customers," said Andrew R.
Lane, MRC's chairman, president and chief executive officer. "With some of the
world's greatest energy reserves, Iraq will continue to grow at a record pace.
We are pleased to work with NAWAH to better serve our global customers in this
active region. In 2012, MRC sourced $4.6 billion in product from 35 countries
and will bring this global supply chain capability to the partnership."
NAWAH is currently developing world-class logistics capability to serve its
customers in Southern Iraq. These efforts include the current restoration of
Maqal Port in the city of Basra, an operation that will offer complex cargo as
well as container handling capability in the midst of one of the fastest
growing cities in the Middle East. NAWAH LLC was formed in October 2011 by
Paul A. Brinkley and U.S. businessman Thomas J. Pritzker, chairman and chief
executive officer of the Pritzker Organization of Chicago, to invest in Iraq
and the broader region.
"Iraq's current and future prosperity relies on its ability to quickly
rehabilitate its energy sector," said Brinkley, NAWAH's president and chief
executive officer. "MRC is a trusted name in PVF distribution around the
globe. With this new facility, the country's 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. By having it here in Basra, all a customer will have
to do is pick up the phone and have it delivered right away."
About MRC Global Inc.
Headquartered in Houston, Texas, MRC, a Fortune 500 company, is the largest
global distributor of pipe, valves, and fittings (PVF) and related products
and services to the energy industry, based on sales, and supplies these
products and services across each of the upstream, midstream and downstream
sectors. More information about MRC can be found at www.mrcglobal.com .
About NAWAH LLC
North America Western Asia Holdings focuses on high-return frontier market
opportunities. The company is dedicated to the communities it invests in
through its strategic, long-term approach to business development and capital
investment. More information about NAWAH can be found at www.nawah.com or by
contacting Eric Clark, Vice President at 571-419-4219 or firstname.lastname@example.org
Contacts: James E. Braun, Executive Vice President and Chief Financial Officer
Ken Dennard, Managing Partner Dennard-Lascar Associates, LLC
Press spacebar to pause and continue. Press esc to stop.