The Iraq Oil Co. and Jacobs have signed a Memorandum of Understanding (MoU) with a view to exploring the mutual benefits of cooperation and joint investment in upstream, downstream, refining and other sectors.
The companies hope that the MoU will facilitate socio-economic development in the Basra region of Iraq, where a high proportion of Iraq’s oil production occurs.
Commenting on the MoU, David Zelinski, Jacobs Petroleum and Chemicals Senior Vice President and General Manager for the Middle East, said: “Jacobs was selected as the single engineering partner to sign this strategic non-binding agreement. We will explore possibilities to deliver our services in support of the oil and gas, refining and petrochemicals sectors in Iraq, from our Saudi Arabian office – where we have had a presence for more than 40 years – as this aligns well with the Kingdom’s Vision 2030 to increase the export of services.”
Read the article online at: https://www.hydrocarbonengineering.com/refining/03012018/jacobs-and-iraq-oil-co-sign-mou/