About Project.
Our customer is is a world-class manufacturer of wellheads and Christmas trees, industrial valves and systems for the oil & gas industry. Our customer provides integrated services including assistance and installation, maintenance and refurbishing.
The project deals with the set-up of a Joint Venture company in Egypt for the wellhead assembling and valve manufacturing, in association with a state-owned investor.
![joint venture egypt valve final product](https://www.b-e-net.com/wp-content/uploads/2017/02/joint-venture-egypt-valve.jpg)
Background.
The Oil & Gas industry in Egypt has entered a new development phase, based on the encouraging results of exploration that is supported by high oil and gas prices on the international markets.
![joint venture egypt team](https://www.b-e-net.com/wp-content/uploads/2017/02/joint-venture-egypt-work.jpg)
Scope of the joint venture and outcome.
The Joint Venture Company (JVC) is an industrial and commercial outfit selling products and services to the Oil & Gas industry in Egypt and abroad with a main focus on ball valves.
The JV relies on:
- The internationally recognized experience and brand of the foreign Investor
- The support and experience of the local Investor.
- The JVC has own resources and facilities for the maintenance, repair, assembling and manufacturing of ball valves and shop.
- The JVC imports or purchases locally those raw materials, semi-finished products, parts and components that are necessary to maintain and repair the Clients installed valves or to produce new ball valves.