Versenergy - Verse Oil Service Co. Logo
Republic of Iraq // IRAP Authority

Versenergy - Verse Oil Service Co.

REF: IRAP-IQ-REG-1120
Integrity Score
4.2 /5.0
Based on our audit

IRAP Verified Checklist

  • Legal License Verified
  • Physical Location Confirmed
  • No Major Complaints Found

Contact Info

Phone
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Email
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Address
Gulan Street, Erbil, Kurdistan Region, Iraq

Executive Audit Summary

Versenergy (Verse Oil Service Co.) stands as a premier bitumen refinery and comprehensive oil trading enterprise operating across Iraq and the wider Middle East. Established to deliver world-class petroleum solutions, the company specializes in high-grade bitumen production, asphalt refining, and dependable oil field trading services tailored to meet international engineering and road construction standards. By leveraging cutting-edge refining technology and rigorous quality management protocols, Versenergy manufactures diverse grades of penetration bitumen, oxidized bitumen, and premium asphalt binders engineered for resilience in demanding regional climates.

Beyond production, Versenergy offers specialized import and export logistics services that streamline the global supply chain for industrial contractors, infrastructure developers, and municipal road agencies throughout federal Iraq and the Kurdistan Region. The company operates a robust distribution network backed by modern storage infrastructure, certified testing laboratories, and an agile fleet designed for secure bulk transport. Whether fulfilling large-scale national highway projects, airport runways, industrial waterproofing applications, or localized paving tasks, Versenergy delivers unmatched batch consistency and competitive commercial terms.

Driven by integrity, operational safety, and environmental stewardship, Versenergy continues to foster key public and private sector partnerships that fuel Iraq's infrastructural growth. Our dedicated engineering and logistics specialists provide around-the-clock technical guidance, ensuring rapid customs processing, precision loading, and prompt on-site delivery. Connect with Versenergy today to secure certified bitumen supplies and professional oil trading solutions that elevate your industrial and infrastructure projects to highest global standards.

Audit Analysis

IRAP-Accredited
Auditor's Note

"Versenergy operates established bitumen processing and logistical corridors across Erbil and Federal Iraq. The entity maintains proven blending and drumming throughput for penetration grades 60/70 and 80/100, meeting SOMO-aligned commercial standards. Export compliance and fleet asset management demonstrate high operational integrity despite cross-governorate logistics friction."

Validated Capabilities

  • Substantial bulk and drummed bitumen (VG-30, 60/70, 80/100) handling throughput.
  • Integrated logistics fleet facilitating inter-governorate and export market transfers.
  • Certified laboratory facilities for penetration, ductility, and softening point testing.
  • Active commercial alignment with regional infrastructure contractors across Iraq.

Compliance Gaps

  • Vulnerability to crude feedstock pricing volatility and state allocation shifts.
  • Inter-governorate transit permitting bottlenecks between KRI and Federal Iraq.
  • Substantial capital expenditure required for continuous polymer-modified bitumen upgrades.
  • Exposure to IQD/USD currency valuation dynamics in spot commercial transactions.

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