Falcon Oil and Gas Services in Iraq: Overview and Strategy

Imran Khan, Director of Falcon Oil and Gas services talks about one of the divisions of Falcon Group, a leading group in Iraq.

According to Khan, the oil and gas division is focusing on Iraqi Kurdistan, but has plans to expand internationally.

“We are working on signing some joint ventures with major companies, to bring them here to Kurdistan and to provide them with a variety of services as a partner and also as a contractor.” 

“We have two or three different locations for warehousing that we are in a planning phase of setting up. We have more than 2 million square meters of land that we want to prepare for warehousing for international oil and gas companies,” he adds.

In the future the division would like to offer logistics services and be involved with supplying OCTG (oil country tubular goods).

“One of the first things that we achieved was our registration with the MNR, the Ministry of Natural Resources. It is not easy to register with them unless you have contracts or experience working in the oil and gas sector. That was the first thing which enabled us to bid for different tenders. The second step for us is to build this yard and warehouse. This is crucial for us, as we believe these are the kind of services that we need right now. The third step as I said, is that we are looking to start joint ventures with different companies. These companies could be companies supplying casing and piping to the rigs or companies supplying valves and pumps etc. That should be achieved in the next 6 and we are negotiating different contracts with different companies,” Khan concludes.