Dragon Oil, a subsidiary of Emirates National Oil Company (ENOC), has signed a Memorandum of Understanding with Iraq’s Sohol Al-Salam Oil Services (SAS Oil) to strengthen collaboration in the country’s oil and gas sector.
The agreement was formalized by Eng. Fareed Al Hashmi, Chief Expansion and Growth Officer of Dragon Oil, on behalf of Acting CEO Eng. Abdulkarim Ahmed Al Mazmi, and Mohamed Al-Sudani, Chairman of Al-Amal Group, the parent company of SAS Oil. Senior executives from both sides attended the signing.
Under the MoU, the companies will explore joint opportunities in technical services, engineering, procurement, construction, and operational support. The partnership also includes potential investment in promising oil fields and future projects in Iraq.
Dragon Oil said the agreement underscores its commitment to building long-term partnerships with national companies and supporting the development of Iraq’s energy sector.
News Source: Emirates News Agency
