Iraq Oil company-UB Holding

26/06/2013

Fuel Station

Iraq Oil processes and operates fuel stations. In addition, there are several other fuel stations that are being operated by others under Iraq Oil brand.

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26/06/2013

Oil trading is one of the major business lines of UB Holding and Iraq Oil is a pioneer in the Middle East region in trading of petroleum products. Iraq oil currently owns two petroleum products storage and handling terminals, one in Kelek/Erbil with a capacity of 90,000 tons and the other in Zakho with a capacity of 16,000 tons. Additionally, a new modern storage and distribution terminal with a capacity of 110,000 tons of petroleum products is under construction in Zakho.

Beside oil trading and fuel terminal operations, Iraq Oil deals with retail operations and owns fuel stations that are run under Iraq Oil brand.

Another line of business within Iraq Oil is production of high performance motor oils in its lubricant blending facility of which capacity is 100 tons per day.

26/06/2013

As a part of the BOT contract for SCIS, UB holding has committed to build an electrical power plant for supplying the power consumption needs of the iron and steel plant in Basrah

This plant is planned to have a total power of approximately 250 MW

27/01/2013

Burak Logistics

UB Holding is also engaged in distribution of petroleum products in the region. With its efficient fleet of trucks specialized in loading and unloading of such kind of petroleum products. UB Holding has the biggest share of the market in this field and is mobilizing more than 1.000 trucks at present of which 80 are own assets. This is done under the name of the sister company "Burak Logistics" carrying goods inside as well as out of Iraq.

27/01/2013

MISSION

The mission of Iraq Oil is to meet customers needs with the best quality
in material and service,to progress in the area of petroleum and become
a reference trade mark that supplies added value for consumers,sector,society
and country economy while contributing to the protection of environment.

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QUALITY POLICY

Shareholders,management and whole personnel undertake:
-To meet our customers expectations, needs and inquiries with the best quality in products and service.
-To match health,security and environment policy in all steps.
-To be aware of the responsibilities in each single step to give added value to customer sand country economy.
-To continually develop the fertility,reliability and quality of our service.
-To give priority to work morals and respect in all our activities.
-To guarantee all these principles by Quality Management System.

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HISTORY

Launched in 1996, Iraq Oil for Petroleum Services Limited has emerged as one of the key arms of UB Holding, as well as the largest private oil trading company in Iraq. After 2003 the business grew up as the refineries and the infrastructure of the oil industry were, more or less, in complete devastation and Iraq needed various petroleum products to be imported from the neighbouring countries.

Iraq Oil continues to enjoy massive success, and the main reasons for this are as follows:

A highly skilled, competent and dedicated workforce exists to ensure exceptional quality of work is achieved.

Recognising that in large-scale oil trading operations, various companies within Iraq Oil that are each working in separate specializations within the sector, are needed to cooperate and communicate with one another on a regular basis.

27/01/2013

LUBRICANTS

Iraq Oil has built a modern lubricant blending factory with a capacity of 100 metric tonnes per day. The factory is equipped with new and highly sophisticated technological tanks and machines, and undoubtedly has one of the best laboratories in Iraq. At the factory, under the brand name ‘FORCE’, gasoline and diesel high performance motor oils are manufactured in various packaging.

Plans are under way to also produce other types of lubricants to meet the increasing demand for motor gasoline in the region. In a short period of time, Iraq Oil has captured a sizeable share of the local market.