MIDDLE EAST are of the very highest standard . bringing new innovations into the seamless piping industry .
As for market conditions today : “ Everybody is facing challenges with the oil prices and the market slowdown in China ; they are not growing enough . They are not reaching their manufacturing capabilities and it affected oil consumptions and the drilling activities , which ultimately then affects the consumption of pipes ,” explains Al Barrak .
JESCO is closely monitoring the global economy . Recently , Aramco ( Saudi Arabian Oil Company ) increased its production along with their counterparts in UAE , Oman , Kuwait , Egypt and Iraq .
Current market conditions are not ideal and to cope with this , JESCO has short , mid and long-
“ It is not necessarily about making a profit these days , but you need to survive . It is a survival market now ”
– Zeyad Al Barrak , CEO
www . jesco . com . sa 55