Dubai: Dragon Oil, a wholly owned subsidiary of Emirates National Oil Company (ENOC), which is fully owned by the Government of Dubai, has signed a Memorandum of Understanding with Sohol Al-Salam Oil Services Co. (SAS Oil), a member of Iraq's Al-Amal Group. The agreement is set to enhance cooperation in the Iraqi oil and gas sector.
According to Emirates News Agency, the MoU was signed on behalf of Dragon Oil by Eng. Fareed Al Hashmi, Chief Expansion and Growth Officer, representing Eng. Abdulkarim Ahmed Al Mazmi, Acting CEO. The Iraqi side was represented by Mohamed Al-Sudani, Chairman of Al-Amal Group, with senior executives from both parties present at the signing.
The Memorandum of Understanding seeks to explore opportunities for joint cooperation in the oil and gas sector. This includes technical services, engineering, procurement, construction works, and operational support. Additionally, the MoU covers potential investment opportunities in promising oil fields and other future projects, underscoring Dragon Oil's commitment to supporting strategic partnerships with national companies in the Republic of Iraq.