The oil and gas industry relies heavily on specialized tools and equipment to maintain operational efficiency. One of the prominent names that frequently appears in international trade records is INDEPENDENT OIL TOOLS PVT. LTD.. This company, headquartered in Gazna, Erbil Governorate, Iraq, is a notable player with a well-established presence in the market. This article provides an in-depth analysis of the trading activity of independent oil tools, leveraging the data insights available through NBD DATA. By thoroughly understanding their procurement and supply chain, stakeholders can gain a more comprehensive perspective of the industry.

Company Overview

INDEPENDENT OIL TOOLS PVT. LTD.  is an influential supplier of oil tools, supporting numerous energy projects across various regions. The company operates from its main office in Iraq, which makes it strategically placed to serve both Middle Eastern and global markets. With an extensive list of similar names frequently used in customs declarations, such as INDEPENDENT OIL TOOLS LTD PAKISTAN and INDEPENDENT OIL TOOLS B.V, this entity has a broad outreach and a diverse customer base.

Procurement and Supply Chain Insights

Based on the NBD DATA Customs Data, independent oil tools has significant trading activity, with Cote d'Ivoire and India emerging as their primary procurement regions. The company's major suppliers include FOXTROT INTERNATIONAL LDC and SANTO PROTECTORS PRIVATE LIMITED, indicating their focus on reliable partnerships for quality and consistency. These suppliers provide specialized goods like PLASTIC THREAD PROTECTORS (see PLASTIC THREAD PROTECTORS), which are crucial for the safety and maintenance of oil drilling operations.

For example, the HS CODE 392690 Plastic Thread Protectors - XT 39 Box is frequently imported by INDEPENDENT OIL TOOLS PVT. LTD.. These protectors ensure the longevity and integrity of the connections used in oilfield equipment, reducing downtime and preventing costly damages. Another key import is HS CODE 843143 Parts of drilling or boring machinery, which highlights the company’s dependency on high-precision equipment for its operations.

Export Activity Overview

The primary export regions for independent oil tools are Turkey, Ghana, and Namibia. These regions have a robust demand for oil drilling tools, and the company's major clients include BORDRILL SONDAJ MÜTEAHHİTLİĞİ VE TİCARET A Ş and WESTLINE OIL AND GAS SERVICES LTD.. The exported products range from DRILLPIPE with HS CODE 730423 (Drillpipe, 5"OD, GR. 5-135) to CAT C-15 Motors under HS CODE 840890 (CAT C-15 Motor), showcasing a diverse product portfolio catering to various drilling needs.

Analysis of Core Trade Activity

Analyzing the trade activity of INDEPENDENT OIL TOOLS PVT. LTD., it's evident that they emphasize the procurement of safety-critical components like plastic thread protectors and drillpipes. This aligns with the industry's need for reliability and safety in all operations, making these imports essential. Exporting items like CAT C-15 Motors and high-quality drill pipes to countries like Turkey and Ghana emphasizes their commitment to supporting drilling operations with robust and tested equipment.

Leveraging data from NBD DATA, it's possible to identify patterns and predict future trends in the oil tools market. Independent oil tools appears focused on expanding its reach in emerging markets such as Cote d'Ivoire and India, indicating a potential growth strategy in underdeveloped oil exploration regions. The procurement of essential components such as plastic thread protectors also underscores the company’s focus on ensuring that its equipment adheres to industry standards for safety and performance.

Conclusion

The analysis of independent oil tools trade data paints a clear picture of a company deeply embedded in the oil tools market, with strong procurement and export links across continents. The strategic relationships with suppliers and customers in diverse markets highlight the company's influence and operational focus. The detailed procurement data through NBD DATA gives a unique insight into the company’s trading patterns, revealing the importance of precision equipment and safety products in their inventory.

By understanding the trade flows of independent oil tools, stakeholders in the oil and gas sector can align their strategies to ensure they remain competitive. Leveraging the latest customs data for companies like INDEPENDENT OIL TOOLS PVT. LTD. provides valuable insights into market dynamics and procurement needs, ultimately helping stakeholders make informed decisions.