The Company's strategy is to develop a market-leading business through acquisitions of one or more companies or businesses in the MENA region in the oil and gas support services and infrastructure sector.
The Board will focus their search on target companies that supply refined products with the intention of building a business which covers aspects of the supply chain for distributing energy and commodity products throughout the MENA region and beyond.
The MENA region remains one of the most significant oil producers in the world.
The oil and gas industry has been a challenging environment since the oil price collapse in June 2014, however the more recent rise in oil prices has created opportunities in the market. There are also significant opportunities to diversify in the petrochemical business and other areas that have received under investment in the past four years.We believe the sector is beginning to emerge from the recent challenges, and with an increasing focus in innovation there are opportunities in the supply chain.