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AMEC and Fluor Form Joint Venture for Iraqi WorkAMEC has announced it has formed Fluor/AMEC, a joint venture with Fluor Corporation to undertake contracts to rebuild Iraq's oil industry. The U.S. Army Corps of Engineers is soon expected to ask for bids to refurbish Iraq's petroleum operations. The joint venture brings together the resources of two of the largest diversified engineering services companies in Britain and the United States respectively. Fluor will own 51 percent of the joint venture; AMEC will own 49 percent. Should the joint venture win the Corps' rebuilding contract, it is expecteed they would employ a significant percentage of Iraqis. A Joint Venture spokesperson stated that the revitalization of Iraq's petroleum operations will require the training of many non-oil field personnel for long-term careers in the industry. The joint venture builds on a successful relationship first established in 1998. AMEC and Fluor are currently working together in the United States, Canada, Angola, South Korea, and the Philippines. |