FINANCIAL NEWS

Petrofac lands issues USD70mn deals in Iraq

01 May 2017

(MENAFN) Petrofac has issued a number of deal awards worth more than USD7mn for engineering, operations and maintenance services in Iraq.

Moreover, Petrofac has been offering services in Iraq since 2010 and has developed a notable track record for supporting their clients.

Additionally, the firm has been given new scopes from South Oil Co., which involves the installation of off take facilities and a mooring system for an extra Single Point Mooring.

Accordingly, there has recently been a considerable shift in the region’s market dynamics and these awards reflect its clients” continued confidence in the ability to get cost-effectively needs.

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