Russia’s Rimera Group Opens UAE Subsidiary

Russian company Rimera Group, the service division of steel pipe maker ChelPipe, has opened a subsidiary in the United Arab Emirates, the company said, according to Africa News.

The main purpose of the new subsidiary is to promote Rimera Group’s integrated oilfield services in the global market, the company said. These include manufacture and supply of oil extraction equipment and maintenance of oil extraction equipment and OCTG.

Sergey Mikhailovsky is appointed as the CEO of Rimera Overseas. He has extensive experience in the oil and gas sector of Russia and the Middle East. Before coming to Rimera Group, Sergey Mikhailovsky occupied key positions in major Russian oilfield services and steel companies, Novomet Group and TMK GIPI.

“Opening Rimera Overseas in one of the Middle East’s centers of business and finance is a new step in our company’s export strategy,” says Mikhail Belov, General Director of Rimera Group.

“The launch of this subsidiary is in line with the client-oriented business strategy carried out by ChelPipe Group. The company is getting closer to the foreign consumers in order to quickly respond to their demands and to provide goods and services of high quality.”

Rimera Group has been active in Russia since 2007. The company’s assets in Russia include the Alnas plant (Republic of Tatarstan) and IzhNefteMash (Republic of Udmurtia), as well as the Rimera-Service maintenance facility network with branches in the country’s major oil-producing regions (Volga Region, Khanty-Mansi and Yamal-Nenets Autonomous Okrugs).