OTC ‘14: CIS doubles turnover with Shell contract

5/5/2014

OTC ‘14: CIS doubles turnover with Shell contract

HOUSTON -- Craig International Supplies (CIS) has been awarded new contracts with Shell, which will almost double the turnover of its business. The contracts will increase the reach and buying power of the procurement division of Scottish family-owned energy services and shipping firm, Craig Group. The contract awards will be announced on May 5 at OTC in Houston.

Operating globally, CIS is recognised as the largest, privately owned European procurement and trading house for the oil and gas industry. The Aberdeen-based company has been awarded contracts by Shell for procurement services in North America and Canada. The new business, along with contract wins in Europe, will see CIS’s turnover double to almost $169 million (£100 million) in the next 12 months, the opening of a new office in Calgary and the creation of several full-time jobs.

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