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FINANCIAL NEWS
Iraq gives a USD100m contract to Petrofac
16 Aug 2012
(MENAFN) Baghdad has awarded a USD100 million contract to London-based oil and gas services firm Petrofac to implement offshore services, UPI reported.
Petrofac said the 12-month contract, awarded to its Offshore Projects & Operations (OPO) business unit, will commence following a three-month mobilization period.
The company will provide offshore operations and maintenance services for state South Oil Company’s new oil export facility.
The Organization of Petroleum Exporting Countries, in its monthly report for August, reports that Iraqi crude oil output passed the 3 million barrel per day mark for the first time since 2003.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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