Dragon Oil in energy co-operation deal with Iraq’s Al Amal Group
DUBAI, 9 hours, 39 minutes ago
Dragon Oil, a wholly-owned subsidiary of Emirates National Oil Company (Enoc), which is fully owned by the Government of Dubai - signed a MoU with Sohol Al Salam Oil Services Company (SAS Oil), a member of Iraq’s Al Amal Group, to boost co-operation in the Iraqi oil and gas sector.
The agreement aims to explore opportunities for joint co-operation in the oil and gas sector, including technical services, engineering, procurement, construction works and operational support.
It also covers potential investment opportunities in promising oil fields and other future projects, reinforcing Dragon Oil’s commitment to supporting strategic partnerships with national companies in the Republic of Iraq.
The agreement was signed by Fareed Al Hashmi, the Chief Expansion and Growth Officer at Dragon Oil, on behalf of its Acting CEO Abdulkarim Ahmed Al Mazmi, and Mohamed Al Sudani, the Chairman of Al Amal Group, in the presence of senior executives from both parties.-TradeArabia News Service
