The first memorandum included the establishment of a strategic partnership aimed at developing and implementing an integrated storage project in the Duqm Special Economic Zone.
The second memorandum involves the company “OQ” trading Iraqi oil globally, benefiting from it to enhance the added value of Iraqi oil and expand the horizons of commercial cooperation and exchange of expertise.
The agreements also open the way for knowledge transfer and exchange of expertise between “OQ” and “SOMO,” contributing to the provision of new job opportunities in the public and private sectors. This reflects “OQ’s” commitment to expanding its international presence and establishing its position as a reliable partner in the field of energy trade and investment.
