Turkish-American Pipeline Companies Sign Joint Venture

Istanbul – May 19, 2009.  Energy Maintenance Services Group I, LLC (EMS) a leading provider of pipeline management services announced today it has joined forces on a Joint Venture Agreement with Turkish based, VASTAŞ Company.

“EMS has strategically chosen Turkey as a pilot region” says EMS’s Chief Executive Officer, Tim Nesler.  He explained “…Turkey is geographically a prime location for providing our joint venture services throughout the Middle East, Western Asia and Eastern Europe.”

Vastaş CEO Nedim Ergin said, “Our partnership with EMS will enable the utilization of high technology in the petroleum and natural gas infrastructure throughout the Country.”  He continued, “Bringing specific integrity based services into the region and training our people on the importance of persevering and maintaining the Turkish infrastructure will be a huge step.”

The signing took place on May 15 at the Vastaş offices in Istanbul, Turkey.  Ayten Ergin, one of the Vastaş executives said, “The partnership of EMS and Vastaş will ensure the Joint Venture will become one of the largest producing and service based companies in the region.”

The Joint Venture is in the process of finalizing details to establish a material and service supply network in the near future. 

In accordance with the law no. 4646, it is stipulated that Botaş is divided into three legal entities and that the two legal entities other than the distribution activity are to remain privatized until 2011. 

Osman Yorgancıoğlu, the EMS and Vastaş representative in Turkey said “…the traffic of Natural Gas flow through Turkey is increasing; and, the deficiencies our infrastructure are being eliminated with the volume of pipeline construction and gas transfer from surrounding countries to the European Union.  Timing is perfect for this Joint Venture.”

About VASTAŞ A.S.

Valf Armatür Sanayi ve Ticaret Anonim Şirketi (Valve Fittings Industry and Trade Incorporated Company)

The attempts that started with the laborers working abroad in 1933 following the foundation of the Republic were registered in 1945 as the first establishment. The company has been producing valves since 1967 and has now reached to a production capacity of 10,000 tones per year; the facility in Turkey is 13,000m2 and the facility in Iran is 3500m2.

The company carries out the design and production of up to 100” in Gate Valves and 60” in Ball Valves and it is the leader in the sector. It also provides maintenance of valves and their management with its advance service network in Turkey and the Middle East.
www.vastas.com

About EMS

EMS employs more than 2,000 highly qualified pipeline professionals throughout North America; and provides a full range of O&M services on approximately 20,000 miles of pipeline.  EMS serves approximately 500 energy customers including major pipeline operators, local distribution companies (LDC’s) and independent power, oil and gas producers. EMS provides these integrated service offerings through eight service lines: Pipeline Management, Pipeline Integrity, Production and Pipeline Projects, Power & Mechanical Services, LNG Services, Data Management Services, LDAR & Analytical Services and Offshore Services. Additional information about EMS can be found online at www.emsglobal.net.

 

For further information contact:

VASTAŞ
Ayşem Ergin +9 05322630056
aysemergin@vastas.com.tr

EMS
Trevor Eade +1 713 595 7613
Teade@emsglobal.net