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Theyab International Group (TIG) Has Joined Forces With The Netoil Group
By: Theyab International Group (TIG)
Abu Dhabi, UAE – July 2013 – Theyab International Group (TIG), a diversified business group chaired by His Highness Sheikh Theyab Bin Khalifa Bin Hamdan Al Nahyan, has announced a joint venture with the Netoil Group, a private investment company long active in the oil and gas industry.
This agreement is a very positive step forward for TIG’s future business development. The Netoil Group has been in business internationally since the 1960s, creating, structuring and implementing major international projects in the fields of oil and gas, pipelines, petrochemicals, oil refining and distribution. “The new joint venture will provide an excellent growth platform for both companies to progress in the Middle East, Africa and Asian marketsunder the new banner of Netoil TIG to achieve their long-term vision,” said H.H. Sheikh Theyab Bin Khalifa Bin Hamdan Al Nahyan, Chairman of TIG.”
“With expertise in business development strategies, advisory and consultancy, TIG will play a significant role and make major contributions through this new venture in terms of desired facilitation and support needed to proceed with futureLNG projects,”Mr. Roger Tamraz, Netoil’s Chairman, said today.
Theyab International Group is a diversified business enterprise chaired by His Highness Sheikh Theyab Bin Khalifa Bin Hamdan Al Nahyan that operates at two levels: (1) Businesses focused on highly strategic growth industries built around the expertise of the Group and its core competencies through Strategic Business Units (SBU’s), and (2) through partnering with a range of businesses through which TIG can provide support to emerging businesses or those interested in expanding in the UAE.
The Netoil Group is a private investment company that includes individual investors and skilled professionals in the oil and gas industry. Netoil founded and built Europe’s Tamoil Corporation and expanded the company to 3,000 service stations, three refineries, an extensive pipeline distribution system and a refining capacity of 255,000 barrels of oil per day with annual sales of $20 billion and a market capitalization of $6.3 billion. Netoil is also developing an LNG export project in Oman for the supply of more than ten million tons of LNG per year for export to world markets, working closely with domestic Omani companies on the structuring of the project.
Page Updated Last on: Oct 13, 2013