'The fast development pace of the oil and gas segment in the region, but also our previous work experience in other countries in the Middle East, helped us win this project. Given that the regional markets continued to have a high economic potential, their financial and energy resources remained at important parameters and the Middle East further needs equipment of industrial measurement and control for oil exploitation. Six years ago still, we decided to orient a significant part of our business efforts to the external market and we did well. This year, about 25 percent of our revenue structure comes from international projects', said Ion Andronache, President of Syscom 18.
This project is not the first for the company in the Middle East, this being active on the foreign markets since 2000, with contracting a first project in Syria. Subsequently, the company executed works and delivered equipment in Jordan, Iran, Libya, Bahrain, but especially in Kazakhstan, where it installed automation systems for two large gas processing plants.
Mid-year, the company completed the design, implementation, testing and delivery in Bahrain of four complete measuring systems for loading oil to tankers. The project was commissioned by the largest state-owned oil company - Bahrain Petroleum Company (BAPCO).
'Iraq is for us a region of great interest. There are currently some serious opportunities for foreign companies wishing to implement projects in the Iraqi energy field. Their national development plans aim to satisfy, through the large projects of providing electricity, population's increasing energy demands. So that power plants will be built, imports of electricity will increase, infrastructure is to be constructed. In other words, large investments into projects are expected, and experienced foreign companies in the field will also have access, those capable to implement short or long-term projects. Beyond the construction and operation of the power systems and units, opportunities will arise for the training of Iraqi engineers, managers and other staff in the energy sector ', Ion Andronache added.
Syscom 18, which this year celebrated 21 years of activity, recorded in the first nine months of 2012 higher revenues by almost 20 percent compared to the indicator for the same period of 2011. The company has planned for this year to attain total revenues of 13 million euros, up 25 percent from the results of 2011.
