Oil and Gas Services The petroleum industry, also known as the oil industry, includes the global processes of exploration, extraction, refining, transporting, and marketing of petroleum products. Every company prospecting for oil needs a partner to provide services. We have partnered with the biggest petroleum companies in Iraq providing our services and collaboration. Our services include facilitation, procurement, and much more.2.Petroleum Materials Processing
Petroleum Materials Processing are the chemical engineering processes and other facilities used in petroleum refineries to transform crude oil into useful products such as gasoline or petrol, kerosene, jet fuel, diesel oil and fuel oils.3.Petroleum Products Trading Since its inception, Okan Oil has been the Okan’ s main activity. Today, we are experienced indifferent petroleum products that include gasoline, middle distillates, naphtha and fuel oil. Below, the list of the main petroleum products: Gasoline Fuel Middle Distillates Naphtha Gasoline We source, store, blend and deliver cost-effective gasoline solutions to customers in Iraq. Within the gasoline trading team, we have an active market presence in aromatics, primarily as a blending component. We have built up key relationships in many core-trading regions of Iraq, including national oil companies, major refiners, and numerous downstream partners. The majority of our customers are long-term partners. Many choose to renew and expand their business, based on our solid performance, bespoke customer service and fair pricing. Fuel Our fuel oil trading team combines presence, market knowledge and efficient logistics to connect producers and end-users. Our teams deploy interlocking skills. We develop relationships with power generators and bunker fuel traders. Traders monitor macro-economic and market-led patterns and trends. Analysts assess potential blending strategies. We optimize flows and blends to reflect changing patterns of demand. Middle Distillates in Okan, middle distillates trading operation covers jet fuel, diesel and oil. Our teams arrange storage and use tank age to blend products to local specifications and premium-priced fuels. We trade the full range of distillates, from low to high Sulfur. Our well-integrated teams are able to shift trading style and focus in line with changing market conditions. Key to our success is the ability to coordinate activities and to interact with other parts of the Group to bring customers integrated solutions. In order to achieve greater physical arbitrage, we charter large tankers. Naphtha Naphtha refers to a range of volatile and flammable liquids produced by the distillation of petroleum. The liquids, which differ slightly in their chemical structures and boiling points, have various applications in the refining process–the main one as a feed stock for gasoline and the manufacture of ole-fins by the petrochemical industry.
Okan has steadily expanded its naphtha business and now our product is sold predominantly in KRI to all Iraq.