Romanian Company wins EUR 3m Contract in Iraq

Romanian company Syscom 18 has won two orders, totalling EUR 3 million, to provide metering skids for petroleum products in Iraq and Bahrain.

The products are to be delivered by the end of this spring.

Irak and Bahrain chose the Romanian company instead of companies from India and Pakistan, which are the main suppliers for liquids measuring systems.

"In some segments we compete with multinationals and national companies ... The equipment we use is similar to other companies’, but we try to win customers with our approach to projects,” said Ion Andronache, chairman of Syscom 18, and majority shareholder, with 60 percent of the shares.

Established in 1991, Syscom 18 has about 150 employees and a total turnover of around EUR 8.4 million in 2010.

(Source: Romania Insider)

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