Iraq is the growth business area for SAKOM and we believe our ability to provide an extremely cost effective security product, provides a financial edge when compared to other security providers. Our consultants meet the professional criteria laid down by the Oil and Gas sector without any concession to quality and most consultants are experienced professionals with operational experience in theatre. In the last year, SAKOM have operated in Iraq from Balad through Baghdad and down to Basra. We have excellent commercial relationships in the field of armored vehicle supply and whilst legislation is constantly changing in country, these relationships have been shown to meet those regulatory challenges.
From an economic perspective, Iraq has a vast amount of oil reserves and has a clear and ambitious program of investment and growth in the oil and gas sector through various franchise agreements with major oil companies. Within this business space, SAKOM has met the quality control and performance standards required by the Southern Oil Company through the supply of quality consultants and equipment.
Politically, Iraq is in a period of change with the re-engagement of disenfranchised religious groups through greater representation at the Ministerial level of government. This approach, in our view, will yield the government a significant dividend which hopefully will result in greater stabilization of the country as a whole. From an economic perspective, Iraq has a massive amount of oil reserves and has a clear and ambitious program of investment and growth in the oil and gas sector through various franchise agreements with major oil companies. Within this business space, SAKOM will meet the quality control and performance standards required by the Southern Oil Company through the supply of quality equipment and quality consultants.
Our management team have significant Iraq experience having worked in country since 2004.