Fluor, AMEC Form Team to Compete for Oil Field Contracts in Iraq
Fluor Corp and AMEC Plc have formed a joint venture to compete for contracts to rebuild Iraq's damaged petroleum infrastructure.
The two companies, which announced their combination on April 24, say they will pursue contracts the Corps of Engineers plans to award. The companies said Fluor, Aliso Viejo, Calif., will own 51% of the venture and London-based AMEC the remaining share.