Petronas is sending contracts worth $ 1.323 billion to Iraqi companies

by **claud39** Mon Apr 08, 2019 9:18 am

Petronas is sending contracts worth $ 1.323 billion to Iraqi companies

04/08/2019

Economy News Baghdad

Malaysian oil company Petronas announced Monday that it has sent contracts worth $ 1.323 billion to Iraqi companies, saying it seeks to create sustainable value for its customers and partners in Iraq.

The director of the procurement department in the company, Mohammad Razali ambush, in a statement seen by "economy News", "Petronas oil company has since the beginning of its work in the field of oil Gharraf in the province of Dhi Qar and until the end of 2018 to grant contracts worth more than one billion and 323 million dollars Local Iraqi companies at a time when 368 local Iraqi contractors were registered. "

"Petronas is committed to helping local contractors and ensuring their active participation in bidding activities," Kamin said. "Petronas is seeking an operational excellence in the field of Al Gharraf, working on the welfare and prosperity of the community and creating sustainable value for its customers and partners in Iraq."

Petronas, won the contract to develop the field of oil Gharraf in the province of Dhi Qar in 2010, to reach the production of 103.3 thousand barrels per day with an export volume of 108.5 with a total of 178 million barrels of cumulative exports to Iraq.

http://economy-news.net/content.php?id=16154