U.S. Firms Form Consortium to Service Burgeoning Iraq Oil & Gas Market

  U.S. Firms Form Consortium to Service Burgeoning Iraq Oil & Gas Market

NAWAH, U.S. Steel Tubular Products, MRC Global Bring Proven Industry, Regional
              Expertise to Iraq’s Extensive Development Efforts

Business Wire

DUBAI, United Arab Emirates -- April 9, 2014

North America Western Asia Holdings (NAWAH), U.S. Steel Tubular Products, a
subsidiary of United States Steel Corporation, and MRC Global Inc. have
announced an alliance to bring critical oil well equipment into the natural
resources-rich region of southern Iraq. The consortium will serve an
international lineup of leading oil and gas companies charged with developing
Iraq’s giant oil and gas fields.

This consortium has committed to providing an initial inventory of oil well
equipment to launch the effort and plans to expand Iraq’s in-country supply of
material when the oil well demand increases. The first shipment of oil well
material is expected to arrive in Iraq in early May.

NAWAH, with regional headquarters in Dubai, United Arab Emirates and
operational headquarters in Basra, Iraq, is focused on world-class port
operations and supply and distribution centers in southern Iraq. U.S. Steel
Tubular Products is the largest integrated tubular products producer
headquartered in the United States with more than 100 years of experience
serving the energy markets. Houston-based MRC Global is the largest global
distributor of pipe, valve and fitting products and services to the energy and
industrial markets.

“The resonating call for American-made products to support Iraq’s burgeoning
oil and gas development efforts led us to this moment,” said Paul Brinkley,
NAWAH’s president and CEO. “Together, the strengths each consortium member –
U.S. Steel Tubular Products, MRC Global and NAWAH – brings can help Iraq
create a market that has not been witnessed in history since Saudi Arabia
developed the world’s largest reserves of oil and gas.”

“To play a role in equipping what will potentially be some of the world’s
largest petroleum extraction projects, while simultaneously helping Iraq
become economically sustainable is an enormous opportunity,” said George
Thompson, vice president – tubular commercial for United States Steel
Corporation. “We are thrilled to be a part of this historically-significant
moment.”

“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 NAWAH’s regional and in-country operational expertise, we believe that
this consortium can be a successful part of Iraq’s energy infrastructure
rebuilding,” said Rory Isaac, MRC Global executive vice president –
international operations.

About U.S. Steel Tubular Products

U.S.Steel Tubular Products, a subsidiary of United States Steel Corporation,
is the largest fully integrated tubular products manufacturer in North
America, with total annual production capability of 2.8 million net tons.
Energy industry customers utilize U.S.Steel Tubular Products’ casing, tubing,
line pipe, connections and couplings to help them locate, retrieve, transport
and refine the oil and natural gas products that fuel the world.

About MRC Global Inc.

Headquartered in Houston, Texas, MRC Global, 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.

About NAWAH

North America Western Asia Holdings is focused on high-return frontier market
opportunities. The company is dedicated to the communities it invests in
through its strategic, long-term local partnerships, while maintaining
rigorous Western standards of transparency and accountability. More
information about NAWAH and its port management business can be found at
www.nawah.com and www.nawahportmanagement.com.

Contact:

United States Steel Corporation
Courtney Boone, Manager, Media Relations
+1-412-433-6791 (U.S.)
caboone@uss.com
or
MRC Global Inc.
Monica Schafer, Vice President Investor Relations
+1-832-308-2847 (U.S.)
monica.schafer@mrcglobal.com
or
NAWAH
Eric E. Clark, Senior Vice President
+1-571-419-4219 (U.S.)
+964-781-333-4474 (Iraq)
+971-52-645-4902 (UAE)
eric.clark@nawah.com
 
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