By John Lee. Iraq’s State Oil Marketing Organization (SOMO) has reportedly abandoned plans to sell two grades of crude oil from its southern Gulf terminals next year. Platts reports that SOMO informed customers last week that "due to logistical issues" a single type of crude will continue to be marketed in 2015, but with two […]
Tag Archives | Iraq Crude Oil Expansion Project
Tags: Basra Light crude, Iraq Crude Oil Expansion Project, oil quality, SOMO, State Oil Marketing Organization
Petrofac Wins New Iraq Business
By John Lee. Petrofac has secured a second contract extension from South Oil Company (SOC) for support on its Iraq Crude Oil Expansion Project. The 12-month extension, worth around US$106 million, comes into effect in December and brings the total value of the contract to more than US$300 million since it was first awarded in […]
Basra Light Crude may Split into 2 Grades
By John Lee. The Iraqi State Oil Marketing Organization (SOMO) has proposed splitting its Basra Light crude supply into two grades. Reuters cites trade sources as saying that SOMO and has requested feedback on the proposal by the end of the week from buyers in Asia. Iraq now plans to offer two grades of crude for […]
Tags: Basra Light crude, Iraq Crude Oil Expansion Project, oil quality, SOMO, State Oil Marketing Organization
Petrofac Awarded 2nd Phase of Iraq Project
By John Lee. Oilfield service company Petrofac has announced a contract extension from South Oil Company (SOC) for its Iraq Crude Oil Expansion Project. The 12-month extension, worth around US$99 million includes the second phase of the project and will see the Company provide an additional scope of operations and maintenance services. The extension follows […]
Reef Subsea Wins Cable Deal
By Editor on 18th September 2013 in Construction & Engineering In Iraq, Iraq Oil & Gas News, Iraqi Communications News
Reef Subsea Dredging and Excavation (D&E) has secured a number of substantial contracts in the Middle-East and Asia Pacific as the company continues to grow its global footprint. The Middle-East contracts will involve two teams from the company’s UK workforce managing subsea excavation work in Saudi Arabia and Iraq. The work in the Al Khafji […]
Tags: cables, Fiber Optic, Fibre-Optic, ICOEEP, Iraq Crude Oil Expansion Project, Leighton, Reef Subsea
Petrofac Wins $100m Iraq Offshore Operations Contract
By John Lee. Petrofac, the international oil & gas service provider, has today signed a contract worth approximately US$100 million to provide offshore operations and maintenance services for the Iraq Crude Oil Expansion Project. Awarded by Iraq's South Oil Company (SOC), the 12-month contract will commence following a three-month mobilisation period. There is also additional […]