UAE-based Dragon Oil has signed a series of strategic memoranda of understanding with key companies operating in Iraq’s oil projects.
The agreements include an MoU with China’s Anton Oilfield Services, and another with Iraqi firm Nahdat Al-Bina for Contracting.
According to the company, the memoranda open new opportunities to strengthen cooperation, support the energy sector, and develop infrastructure linked to the oilfields operated by Dragon Oil in Iraq.
The company underlined that these partnerships reflect its commitment to deepening its presence in the Iraqi market and expanding areas of collaboration with both international and local partners.
Dragon Oil is a privately held and wholly owned subsidiary of Emirates National Oil Company (ENOC), which is owned by the government of Dubai.
In May, Dubai-based Dragon Oil was part of a consortium that signed a Heads of Agreement (HOA) with Dhi Qar Oil Company (DQOC) to develop the Abu Amoud and Saba [Subba] oilfields in Dhi Qar Governorate. It also has an interest in Block 9 (Al Faihaa) in Basra.
