Business
National Energy Services Reunited Corp. Opens a Second Manufacturing Facility in Oman
HOUSTON, TX / ACCESSWIRE / December 2, 2019 / National Energy Services Reunited Corp. ("NESR" or the "Company") (NASDAQ:NESR)(NASDAQ:NESRW), a national,
About this update from National Energy Services Reunited Corp
[{"type":"text","content":"HOUSTON, TX / ACCESSWIRE / December 2, 2019 / National Energy Services Reunited Corp. (\"NESR\" or the \"Company\") (NASDAQ:NESR)(NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa (\"MENA\") and Asia Pacific, opened its second manufacturing facility in Oman under the auspices of Gulf Energy (SAOC). The casing accessories manufacturing facility will further localize manufacturing and enhance the In-Country Value (ICV) of the company. Located in Nizwa, Oman, the facility creates employment and training opportunities for locals residing outside urban areas. With this project, NESR becomes the first National company in the region to successfully manufacture casing accessories in Oman and export such products to neighboring countries.His Excellency Salim bin Nasser Al Aufi, Under-Secretary of the Ministry of Oil and Gas commented: \"I am pleased to see local companies, such as Gulf Energy, successfully setup manufacturing facilities to supply the market with locally manufactured products and equipment, a true translation of the In-Country-Value (ICV) strategy. This facility will create direct jobs for Omanis, and support to grow the oil and gas operation in the country while allowing more flexibility and efficiency in the supply chain.\"Mr. Abdul-Amir Al Ajmi, External Affairs and Value Creation Director at PDO commented: \"This plant further reinforces PDO's localization efforts and In-Country Value strategy, which aims to create jobs, training and learning opportunities for Omanis and enhance the domestic supply chain. It also underscores Gulf Energy's commitment to enhancing the value it brings to the Omani economy as it will provide efficiencies to PDO as well as improve equipment delivery and installation lead times.\"\"We are very proud to play a positive role in the economic development of Oman and the region and provide custom-made products to our customers\" said Sherif Foda, Chairman of the Board and CEO of NESR. \"Our manufacturing facility underscores NESR's commitment to enhancing our sustainability through generating local value everywhere we operate. Through direct investments in local economies, creating local employment and training opportunities, exporting locally-made products to the world, developing in-country expertise and utilizing local suppl...