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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    "Siemens" signs an agreement to develop the Iraqi electricity network, and Germany is considering im

    Rocky
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    "Siemens" signs an agreement to develop the Iraqi electricity network, and Germany is considering im Empty "Siemens" signs an agreement to develop the Iraqi electricity network, and Germany is considering im

    Post by Rocky Sun 15 Jan 2023, 8:30 am

    [size=39]"Siemens" signs an agreement to develop the Iraqi electricity network, and Germany is considering importing gas from Baghdad

    Free / Agencies - Washington
    January 13, 2023
    [/size]
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    Energy company "Siemens" said, on Friday, that it plans to expand its cooperation with Iraq in the coming years, with its CEO signing an agreement with the Iraqi government to develop the country's electricity network.
    The CEO of the company, Christian Bruch, signed a memorandum of understanding with the Iraqi Minister of Electricity, Ziyad Ali, to increase the domestic electricity production by about 11 gigawatts.
    "In the coming years, Iraq will invest heavily in energy infrastructure... and Siemens Energy will play a major role in this development," said German Economics Minister Robert Habeck, who with Iraqi Foreign Minister Fuad Hussein witnessed the signing of the memorandum of understanding in Berlin.
    The ministry said in a statement that the planned projects include the establishment and development of facilities to generate energy from conventional and renewable sources.
    "A reliable source of energy is the foundation for a stable society," Bruch said in a statement to Reuters before the meeting. "Supplying electricity to large parts of an entire country is therefore one of the most important tasks of our company."
    He added that the company will work to ensure that this is achieved as soon as possible with its partners in Iraq.
    Iraqi Prime Minister Muhammad Shia al-Sudani announced that the memorandum aims to increase energy production, improve transportation and distribution, and reduce waste, according to the official Iraqi News Agency.
    Al-Sudani said during a joint press conference with German Chancellor Olaf Scholz that "the government has made the necessary financial allocations to implement the memorandum of understanding" with Siemens.
     Al-Sudani confirmed that he had discussed in Germany "opportunities to invest in associated gas and the petrochemical sector ... and the file of recovering smuggled funds from Iraq, restoring antiquities, and benefiting from Germany's experience in the field of renewable energy and confronting climate change."
    In turn, Schulz said that Germany is in talks with the Iraqi government about the possibility of importing natural gas from the oil-rich country, at a time when Berlin is seeking to diversify energy sources after the decline in fossil fuel imports from Russia.
    "We also talked about possible gas shipments to Germany and agreed to stay in close contact," Schulz told a joint press conference.
    Schulz did not mention other details about the volumes of gas that Germany hopes to import from Iraq.
    On Thursday, Al-Sudani arrived in Germany at the head of a high-ranking government delegation on an official visit that focused especially on energy and electricity issues.
    Al-Sudani said, before leaving Baghdad, that the visit includes "important items related to electricity," explaining that "a memorandum of understanding will be signed that includes paragraphs that represent a promising plan for the advancement of the electricity sector with Siemens in the field of production, transmission and distribution." 
    He added, "The memorandum will include a long-term contract for rehabilitation and maintenance work... It will save costs by about 20 percent, ensure a smooth flow of maintenance work, and keep the stations at their full design capabilities." 
    Iraq, which has been exhausted by decades of wars and conflicts and burdened by corruption, suffers from a major shortage of electricity, although it is a country rich in oil. 
    To compensate for the lack of electricity, which is cut off daily between four to ten hours, sometimes at the height of the summer, the population relies on private generators.
    To face the energy shortage, the Iraqi authorities, which rely heavily on electricity and gas to run their stations on neighboring Iran, are trying to diversify their sources and increase production.
    In addition, Al-Sudani said that the visit will include talking about "important opportunities in the field of associated and natural gas, and other opportunities in the petrochemical sector." 
    Stopping the burning of gas associated with oil is one of the priority files for the Iraqi government, as this gas can be used to generate electricity.
    The visit will also touch on "climate change" and "initiatives and programs in the field of human development, vocational training and higher education, as well as financial and banking cooperation," according to Al-Sudani. 
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