Gulf Cryo, a leading manufacturer of industrial, medical and specialty gases in the Middle East, has expanded its territory by entering the Iraqi market through a joint venture and securing a number of exclusive agreements for the supply of industrial and medical gases.
Working in partnership with Taha Yassin Bouktash Co, the joint venture will further strengthen Gulf Cryo’s presence in this rapidly growing market and manage the supply of liquid nitrogen, oxygen and argon into the country.
“Opportunities in Iraq began a couple of years ago when oil field service companies in Kuwait started to request product for Iraq,” said Steve Petridis, business development director at Gulf Cryo. “In a location where security is a challenge, our Kuwait operations has made great efforts to cement relationships with oil and gas services companies and hospitals.”
As well as supplying liquid gases, Gulf Cryo will eventually fill cylinders and distribute packaged gases across Iraq. It has also strengthened its distribution capabilities by relocating several storage tanks to the country.