1st September 2025 in Iraq Oil & Gas News
By John Lee.
Dragon Oil has signed a Memorandum of Understanding (MoU) with Sahool Al-Salam Oil Services, part of the Al-Amal Group of Iraq, aimed at boosting cooperation in the oil and gas sector. The agreement was signed in the presence of senior executives from both companies.
The MoU covers technical and engineering services, procurement, and construction, as well as exploring investment opportunities in promising oil fields. It also seeks to strengthen strategic partnerships with local companies in Iraq.
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.
Dragon Oil is a privately held and wholly owned subsidiary of Emirates National Oil Company (ENOC), which is owned by the government of Dubai.
(Source: Dragon Oil)
