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INTRATOOL GROUP launches GCC hub in Bahrain

Manama, November 09, 2017: INTRATOOL GROUP, a leading provider of engineering, technological and manufacturing services, has today launched the GCC operations branch of its service subsidiary. INTRA Services Company LLC specialises in critical and emergency services for the oil and gas industry, petrochemical, industrial and energy sectors.

INTRATOOL is a prominent Russian services company to have inaugurated a dedicated office in the Kingdom of Bahrain. The move comes as part of its ongoing commitment to the market and the drive to provide strong technical and engineering support to partners across the Gulf and Africa.

INTRATOOL is supported by several key Russian governmental authorities: Russian Export Committee, Russian Federal Industry Development Fund and Saint Petersburg Government, amongst others. The company has affiliate offices across Russia, the Caspian region (Kazakhstan, Azerbaijan, Turkmenistan) and the European Union (Germany and Lithuania).

Major customers for the company include Gasprom, Rosneft, Lukoil, Transneft, Shell, ExxonMobil, BP, NCOC and KIOS.

Growth within the critical and emergency services sectors is resulting in high demand for local, online operations that are available 24/7. The INTRA Engineering Hub will support the company’s localisation program and is expected to create technical and senior level jobs in the local labour market within the first three years. The Bahrain office will then be used as a base from which to develop the regional strategy.

The launch ceremony was attended by INTRATOOL senior management including Mr. Sergey Terentiev, Chairman, Mr. Alexander Shilov, President, and Mr. Evgeniy Shakirov, GCC Branch Director. The office was opened in the presence of Mr. Vagif Garaev, the Ambassador of the Russian Federation to Bahrain, HE Sheikh Hisham bin Abdulrahman Al Khalifa, the Capital Governor, Jasim Alghatam, General Manager of Dynamic Structures, and Hussain Rajab, Executive Director of Manufacturing, Transport and Logistics at the Bahrain Economic Development Board (EDB).

The Bahrain EDB supported INTRATOOL during the set up process in Bahrain and H.E. Khalid Al Rumaihi, Chief Executive of the EDB said: “Bahrain offers businesses a highly connected, low-cost and well-regulated location at the heart of the GCC from which to build their regional operations.

“Investments from companies such as INTRATOOL are critically important to Bahrain- they act as a catalyst for economic growth and create high quality specialised jobs in the local market. They also demonstrate the success of the EDB’s efforts to attract investment into Bahrain and are testament to the strength of Bahrain’s well-diversified economy.”

Sergey Terentiev, Chairman of INTRATOOL said: “We are very impressive of the great support of the Bahrain Governmental office and the support of the our Bahrain partners: Dynamic Structures, EDB, Tamkeen and others friends. Our countries are getting close to each other that provide exclusive situation for business opportunities. We look forward to establish in the Bahrain is unique business hub for services operations in the GCC region. We would like to establish a channel for the Russian technologies to the region to bring innovation to increase the efficiency of the business in the region.

Evgeniy Shakirov, GCC Branch General Director, added: The Branch Director of the INTRA Branch, Evgeny Shakirov read the official letter from the Government of the Saint Petersburg which says: “The Governor of the Saint Petersburg would like to send you most sincere greetings on setting up a branch of INTRA Services Company in the Kingdom of Bahrain. It is a pleasure to mention that the INTRATOOL Group is the first Russian company providing special services for oil and gas industry and the first St. Petersburg company opening its branch in the Gulf. The Government of St. Petersburg is ready to support the INTRATOOL Group in promoting projects and establishing the links with local authorities and business circles in the Kingdom of Bahrain and the Gulf countries. I wish you and your team suceess.”

Establishing a strategic technological and engineering hub in Bahrain is a key part of INTRATOOL’s goal to grow the group’s operational footprint in the Gulf, expanding into the wider GCC region from a solid and active operations base in Bahrain. The Gulf region is an exciting new market for INTRATOOL, which sees great potential driven by high demand for its services in the market.

-ENDS-

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