SOC Archives - Panorama Insurance Brokers

Floating Oil Island for Iraq’s Expected Spurt in Exports

The South Oil Co. (SOC) [possibly should be Basrah Oil Company (BOC), as per comment below, – Editor] based in Basra, Iraq, will establish a floating oil island off the coast of al-Faw Peninsula to increase its export capacity by as many as 2 million barrels a day. The company announced the project June 14 in anticipation of a surge in… Read More