By John Lee.
China Petroleum Pipeline (CPP) and North America Western Asia Holdings (NAWAH) have announced that the two companies have entered into an agreement to jointly pursue potential energy sector development projects in Iraq.
Under the agreement signed during a formal ceremony in CPP’s global headquarters in China, CPP and NAWAH will seek an array of business opportunities in Iraq’s energy sector:
"With projections calling for $48 billion of infrastructure investment to meet Iraq’s production targets, the country is experiencing unprecedented demand for international partners like CPP and NAWAH to help accelerate development of new pipelines, refineries and export facilities.
"Combining CPP’s more than 40 years of experience in the energy industry with NAWAH’s Iraq-focused equipment and supply-chain expertise, the two companies are strongly positioned to win business in the resource rich country."
Paul Brinkley, NAWAH’s president and CEO, said:
“Working alongside an industry-leading player like CPP furthers NAWAH’s reach into Iraq’s infrastructure development efforts.
Together with CPP’s technical ingenuity and NAWAH’s extensive reach into the Iraqi market as well as the company’s modern transparent business practices, this partnership brings enormous capabilities to Iraq and the country’s historic efforts.”
(Source: Business Wire)