Edgen Murray Saudi Company Expands Saudi Presence

Stock facility opens, expanding Edgen Murray presence.

06/12/2012

Edgen Murray Saudi Company Expands Saudi Presence

Edgen Murray, a leading global supplier of specialty steel products and logistics solutions for the energy and infrastructure sectors has expanded its presence in the Saudi market with the opening of a stock facility in Al Khobar.

The facility follows the opening of a sales office in 2011 and will stock specialty steel for the Saudi energy, refinery, water, and power markets, building on recent approvals obtained from Saudi Aramco.

The facility provides Edgen Murray’s growing Saudi customer base with fast access to mission-critical stock. Having ready access to approved specialty stock in the Kingdom allows engineering and procurement customers greater design flexibility and additional supply solutions.

With the first tonnage now on the ground, the initial stock profile of the new facility includes highly specified materials designed to meet the Aramco approved spec – ASTM A516 Grade 60 /65 & 70 including HIC testing.

This particular material is targeted at the pressure vessel market which plays a key part in the infrastructure of the developing Saudi Arabian market.

Edgen Murray and its joint venture partner, the Shoaibi Group, operate under the name ‘Edgen Murray Saudi Company’ to stock and sell products covering structural and pressure vessel plates, structural seamless pipe and welded tubular, structural long products, valves, chrome-moly pipe, stainless steel and nickel alloy flanges and fittings.

Craig Kiefer, President of Edgen Murray said, “The opening of the stock facility builds on recent sales momentum generated since the opening of our sales office in 2011. Edgen Murray’s goal is to provide the best possible service for our customers and, as in many markets, this means ensuring there is stock on the ground.”

Khalid Al Shoaibi, Group Director of Shoaibi Group added, “The pressure vessel market is strong and is indicative of the continuing strength of Saudi market in general. We look forward to the continued expansion of Edgen Murray’s business in this market.”

About Edgen Murray

Edgen Murray is a leading global supplier of specialized products for worldwide energy and infrastructure markets. Edgen Murray delivers high performance pipe, plate, valves and related components to upstream, midstream, downstream, power, civil construction and mining customers from more than 35 global locations spanning the Americas, Europe, Middle East, and Asia Pacific. Edgen Murray supports every step of a project’s lifecycle and ensures all commercial needs, technical requirements, and project schedules are met with precision, anywhere in the world. This is achieved through global scale, long-standing mill & manufacturing relationships, a focus on quality, strategically located inventory and experienced staff. Edgen Murray is an Edgen Group Company. For more information, visit www.edgenmurray.com.

For further information, please contact:

Crystal Goh - Edelman Public Relations

Tel: +65 6347 2314; email: crystal.goh@edelman.com

About Shoaibi Group

Headquartered in Al Khobar, Saudi Arabia, Shoaibi Group has been in operation for over 30 years, and encompasses a wide spectrum of global partnerships, agency representations, and joint ventures. Shoaibi Group’s reliable and strong market knowledge and expertise in the region has led to the formation of strategic partnerships that cater to the oil, gas and petrochemical sector across the region. Through its international partners, joint ventures, and subsidiaries the Group operates in manufacturing, services, product distribution, and investment predominately for the oil, gas and petrochemical sector across the MENA region. Shoaibi Group is dedicated to investing in research and technology that will offer oil operators proven game-changing applications for all phases of oil and gas developments.

For more information please visit www.shoaibigroup.com

Media Contact:

Mae Chami

Corporate Communications Shoaibi Group

+973 17 566 499 Mae.chami@shoaibigroup.com

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