Bilfinger, the engineering and industrial solutions powerhouse and RATE, the California based sour gas and Sulphur management technology licensor have signed an agreement to set up a partnership that would position both companies to accelerate growth in the Middle East region.
The agreement, in harmony with the strategic focus of the national oil companies in the Middle East, aims at maximising the monetisation of gas resources and harnessing the growth opportunities in the oil and gas sector.
“The Partnership is a great strategic fit, building on the two companies’ complementary portfolio. We will together focus on delivering advanced solutions to our customers aiming at maximising the value of their vast natural resources while creating unparalleled local value-add”, Ali Vezvaei, President & CEO of Bilfinger Middle East said.
Mahin Rameshni, president and CEO of RATE said: “We are pleased to establish such an important partnership with a globally recognised company like Bilfinger. We strongly believe that our technology coupled with the strong knowhow and capabilities of Bilfinger enable us to provide the market with cutting edge solutions, in line with the strategic focus of our customers.”
Bilfinger, a German group, has services in two business segments: engineering and technologies and maintenance, modifications and operations. The company is primarily active in Continental Europe, Northwest Europe, North America and the Middle East regions.
RATE is a technology licensing company which also does technology research and development and has several patents pending.