|2020-12-08 来源： 中国石化新闻网|
曹海斌 摘译自 阿纳多卢新闻
US,Saudi firms to form joint venture in MENA region
The Turkish Competition Authority has granted permission to a new manufacturing joint venture to operate in the MENA region, the competition watchdog announced on Monday.
The joint venture between Saudi Aramco Development Company and Baker Hughes is aimed at manufacturing non-metallic and composite materials to be used in oil and natural gas drilling activities.
Baker Hughes has two affiliates operating in Turkey, as part of a market sharing arrangement, the company needs an official permission to form a joint venture with a foreign company which will operate in MENA region where Turkey is one of the 19 countries, according to international commercial law.
The two companies had requested Turkey’s permission to operate in the MENA region on April 16 of this year.
After finalizing its decision in September, the watchdog formally announced it on Monday.
The joint venture will produce non-metallic and composite materials for use in oil and natural gas drilling activities and manufacture defense-related hardware only for the use in MENA region.
Saudi Aramco and Baker Hughes will each own 50% of the joint venture.