May 1st, 2024 – Riyadh, Saudi Arabia: Saudi Drill KSA, a leading in investment, trading, and development in petrochemical industries, oil & gas, mining and power, has announced a landmark collaboration agreement with Energy Offshore International Chemicals Trading LLC UAE (EOI) and Energy Ventures Chemicals Trading LLC UAE (EVCT). This strategic partnership aims to capitalize on the strengths of each entity to enhance operations and drive innovation across the EMEA region.
The signing ceremony, held on May 1st, 2024, was attended by key dignitaries including Megren Al Khalidi, Chairman of Saudi Drill; Mr Mohamad Haek (CEO of Saudi Drill); HE Dr. Hamad Shamsi, President of EVCT; and Elias Zgheib, CEO of EOI. The presence of these industry leaders underscores the significance of this collaboration and its potential impact on the oil and gas sector.
This collaboration brings together the expertise and resources of Saudi Drill KSA, with the extensive network and chemical expertise of EOI and EVCT. By leveraging their combined strengths, the companies aim to offer comprehensive solutions to meet the evolving needs of clients in the EMEA region.
The business relationship between the KSA and UAE companies goes beyond this collaboration agreement. It reflects a longstanding tradition of cooperation and mutual respect in the oil and gas industry. Both Saudi Drill KSA and Energy Offshore International Chemicals Trading LLC UAE recognize the importance of strategic partnerships in driving growth and innovation in the sector.
“We are thrilled to embark on this strategic collaboration with EOI and EVCT,” said Megren Al Khalidi, Chairman of Saudi Drill KSA. “Together, we are well-positioned to deliver cutting-edge solutions and drive value for our clients across the EMEA region.”
HE Dr. Hamad Shamsi, President of EVCT, echoed these sentiments, stating, “This partnership represents a significant milestone for our companies and the broader oil and gas industry. By combining our expertise and resources, we can better address the complex challenges facing the EMEA region.”
Elias Zgheib, CEO of EOI, expressed confidence in the partnership’s ability to drive innovation and create value. “We believe that by working together, we can unlock new opportunities and drive sustainable growth in the oil and gas sector,” he said.
As the demand for energy continues to grow, strategic collaborations like this one will play a crucial role in shaping the future of the industry. Saudi Drill KSA, Energy Offshore International Chemicals Trading LLC UAE, and Energy Ventures Chemicals Trading LLC UAE are committed to driving innovation, sustainability, and value creation in the EMEA region and beyond.
