At present: VCI is a registered free zone Company with RAK Economic Zone since October 2018.
As the price of Oil and Gas fluctuated during past 5 years , most operating Companies (IOCs and NOCs) decided to cut cost and started implementing heavy discount on Service Companies to be in line with Oil and Gas low prices. In other hand most of the Service Companies decided to cut cost and reduce their expenses in order to match the trend of Operating Companies downsizing and cost controlling .Majority of the Service Companies decided to stop their expansion and instead of setting up an office in the Region where still providing 70% of world Oil and Gas , to hire a consultant for their BD and Marketing sector.
Seeing the enormous needs of a person with Experience, Contacts, technical knowledge and Great Marketing skill made Mr. Farzadnia the first choice in the Region. Mr. Foroohar Farzadnia the founder and Managing Director of VCI decided to establish a Company with the same nature to fulfill the gap . Mr. Farzadnia being a Petroleum Engineer from University of Tulsa, USA and being living in UAE for more than 38 years with vast knowledge and contacts in CIS/MENA and East African markets became a best choice to be hired as Consultant by Oil and Gas Service Companies worldwide. In less than 3 months after leaving AlMansoori Specialized Engineering who he has worked for more than 10 years as a Corporate Director of Marketing and BD , he managed to establish the VCI and immediately signed long term agreement with 5 major Service Companies including Al Mansoori itself in addition to a few companies on call out basis.