Asawir Company and the US Baker Company signed a Memorandum of Understanding (MoU) to cooperate in the implementation of gas and associated gas projects as well as cooperation in the field of spare parts and drilling fluids.
The Asawir Company's Investment Manager Eng. Naji Abbas signed for his company while Mr. Lonzo Simonelli signed on behalf of the US Company, in the presence of the Minister of Oil and Gas Dr. Abdulrahman Osman in Abu Dhabi on the sidelines of the Abu Dhabi Petroleum Conference and Exhibition. 
The Minister of Oil and Gas called for investment in oil and gas field, especially in the Red Sea region, expressing his keenness to provide social services to achieve social peace and stability of the population.
The company expressed readiness to invest in the oil, gas and oil services fields, pointing out that the lifting of sanctions would encourage the entry of US companies to invest in oil sector.