30 October 2007
Houston-based wellhead equipment maker Natco Group said it had entered a joint venture deal with Saudi Arabia's Al-Rushaid Petroleum Investment Company to build and sell its products in the Kingdom.

Natco chief executive John Clarke said the deal gave the company access to the largest oil-producing market in the world.

The deal includes an agreement to build a new manufacturing plant at an industrial complex owned by the Al-Rushaid parent group in Jubail, Saudi Arabia by the end of 2008.

Clark said he expected initial sales to focus on oil dehydrating and desalting equipment.

© Upstream 2007