The IBBC 11th Annual London Conference
On the 27th April 2016, the Iraq British Business Council (IBBC) hosted their 11th annual London Conference. The theme of this years event focused on “Iraq in Transition”, offering an insight into the impact of low oil prices on industry in the region.
Restrata was invited to speak at the conference, and Ian Todd, Vice President of Airports attended to discuss “Oil and Gas – How does the Industry Adapt to the Low Oil Price Environment”. Baroness Nicholson of Winterbourne, the Prime Minister’s Trade Envoy to Iraq, expressed her gratitude to Restrata and Ian Todd for their participation: “IBBC are greatly appreciative of your contributions to the discussion, particularly those relating to ongoing security considerations of the Oil Industry of Iraq”.
In his address, Ian highlighted the need for companies to continue to invest in security and safety, even in the current environment of cost cutting and financial pressure. He stressed the need to balance the ideal with the achievable and the affordable, and went on to discuss the commercial models that might be used to address the lack of immediately available capital that companies are facing: managed services and cost/service sharing with other companies were two models highlighted.
The Restrata and Iraq Relationship
Restrata has provided a vast array of services to the key international oil companies operating in Iraq and Kurdistan. This ranges from training to security consulting , design and implementation.
In addition, Restrata operate the BSOC to provide liaison for IOCs and private business with the Basra Operations Command (BaOC), the seat of Iraqi Security Forces (ISF) power within the province. The BSOC is co-located with the BaOC at the Shatt al Arab hotel and has a unique relationship being the only private company authorised by the Ministry of Defence (MoD) to interact with the BaOC.
Client and ISF interaction is handled within two departments, Operations and Insight, providing assistance with freedom of movement, emergency liaison, and information and analysis through a raft of bespoke and regular reporting. Regular reports include the Southeast Daily, Iraq Weekly, Iraq Monthly and Basra Monthly.
Serving clients across the world from its offices in the UK, Iraq, Kurdistan, Algeria, Qatar, Malaysia, Australia and headquartered in the UAE, Restrata provides a range of safety and security services including consultancy, training and response services in crisis and continuity management, fire and rescue services, safe journey management, HSE management and workforce development.