INOC Signs Logging Contract with OAPEC Subsidiary 

The Iraqi notional Oil Company (INDC) signed last month a one-year contract with the Arab Logging Company (ALC) to undertake logging and perforating work on Iraqi oil wells. This is the first contract awarded to the Basrah-based company which was established in 1982 as a subsidiary of the OAPEC-sponsored Arab Petroleum Services Company (APSC) located in Tripoli, Libya.

ALC is capitalized at ID4mn ($12.87mn) and has a...