By John Lee.
The Iraqi Council of Ministers has authorized the Ministry of Oil / Basra Oil Company (BOC) to sign a non-binding Memorandum of Understanding (MoU) with Aurasyia Scope Group Oil & Gas UK LTD for a tank farm and industrial island project.
The project is considered strategically important for Iraq's oil industry, aiming to:
- Strengthen Iraq's presence in the Arabian Gulf's regional waters.
- Support national economic growth.
- Increase financial revenues for the federal treasury.
Companies House, the registrar of companies in the United Kingdom, lists "Aurasyia Scop Group Oil & Gas UK Limited" as a company incorporated in March 2019, and involved in "activities of investment trusts." Previous company names were: Aurasyia Scope Investments L.L.C Ltd, Aurasyia Scop Group Oil & Gas UK Limited, and Scop Oil & Gas (UK) Limited.
Aurasyia Scop Group Oil & Gas UK Limited filed accounts as a dormant company for the year to the end of March 2024, showing just £100 in debtors and shareholders' funds. Current directors are listed as:
- Amir Ahmed, Company Secretary, who owns 5 shares;
- Hayder Abdulshaheed Hasan Al-Saedi, an English-resident Iraq, who also owns 80 shares; and,
- Adnan Hussain Shal, an English-resident Iraq, who also 15 shares.
(Sources: PMO, Companies House)
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