OAPEC

ARESCON Established in Bahrain 

An agreement was signed in Manama on 16 July establishing the Arab Engineered Systems and Controls Company (ARESCON) between the OAPEC-sponsored Arab Petroleum Investments Corporation (Apicorp), the US Engineered Systems and Controls (ESC) Group of Combustion Engineering (C-E) and the Baghdad-based Arab Industrial Investments Company (AIIC). Apicorp and AIIC, with 40% and 20% equity shares respectively, represent the Arab regional partners in the...