Toyo Engineering Corp. announced on April 25 that it had entered into a general engineering service agreement (GESA) with Iraqi-owned South Oil Co. for upstream projects in the oil business field.
This agreement covers all oil fields and related facilities that SOC is responsible for in the south of Iraq. Toyo said it will, on a long-term basis, provide comprehensive technical services to expedite the implementation of SOC’s upstream projects
For Iraqi-owned companies, including SOC, this GESA is the first implementation of an alliance-type contract.
In tandem with the Japanese government’s activities relating to Iraq reconstruction, Toyo has been promoting discussions for both upstream and downstream businesses, not only with SOC, but also the other state-owned companies under control of the Iraq Ministry of Oil.
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