Economy News _ Baghdad
The British oil company Petrofac announced that it had secured a contract worth 80 million dollars with the Basra Oil Company for a period of one year.
“The facility, which Petrofac will continue to manage, is one of the largest facilities in the Gulf and deals with about 55% of Iraq’s crude oil exports,” the company’s website reported in a press release seen by “Al-Eqtisad News.”
For his part, Senior Vice President, Middle East Operations, Steve Weber, said, “This contract strengthens our long-term partnership with clients. Since our engagement began in 2012, we have supported this facility to export more than 4 billion barrels of oil. Our teams in Iraq have an impeccable safety record and use of innovative solutions at the core of our delivery model. We look forward to supporting our customers to maintain best-in-class operation of these important Iraqi national assets. ”
It is noteworthy that Petrofac has been providing its services in Iraq since 2010, as it participates in a group of green projects and infrastructure in the country with a value of more than one billion US dollars, while in 2012 it was awarded a project to expand the export of Iraqi crude oil at the Al-Faw terminal in southern Iraq.