OAPEC

Arab-US Joint Venture for Process Systems Control to Be Set Up in Bahrain 

The Arab Engineered Systems and Controls Company (ARESCON), an Arab-US joint-venture which will produce industrial process control instrumentation, is to be set up in Bahrain by the autumn of 1985 with an authorized capital of $40mn and a paid-up capital of $20mn, held 40% by the OAPEC- sponsored Arab Petroleum Investments Corporation (Apicorp), 40% by the US Engineered Systems and Controls (ESC) Group of...