A giant energy company: We are finalizing the signing of a strategic agreement with Iraq
Baghdad Today – Baghdad
The global company (Baker Hughes), a giant specialized in the field of oil and gas, revealed on Sunday, September 8, 2024) that it is putting “the final touches” to sign a strategic agreement with the Iraqi Ministry of Oil.
The Media Office of the Prime Minister, received by Baghdad Today, said that Al-Sudani received today, “the Chairman of the Board of Directors of Baker Hughes, which specializes in oil and gas, and its CEO Lorenzo Simonelli and his accompanying delegation, and confirmed that the company is one of the four largest companies in the world specializing in energy and oil services.”
Al-Sudani pointed out that “the government is keen on the presence of the company in Iraq, which was invited to expand investment in it, through cooperation with the government or with the private sector in the field of oil and gas, noting that the Iraqi market has become a promising market, and that the government is planning major projects, especially integrated projects in the oil, gas and petrochemical sectors.”
He pointed to “the development road, which includes oil and gas transmission projects,” stressing “the importance of completing the projects in which the company operates in Iraq, especially the Nasiriyah oil field, in which the company invests to extract associated gas, with a capacity of 200 million standard cubic feet, which is hoped to be completed in 2026.”
For his part, the delegation of Baker Hughes confirmed their commitment to the government and their desire to invest in Iraq in the oil or gas sectors, and that they came to finalize the signing of a strategic framework agreement with the Ministry of Oil, as well as signing a memorandum of understanding in the field of gas, and investing in the gas platform to be established in the large port of FAO, expressing their desire to finance some projects in Iraq.
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