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[size=36]Al-Sudani receives CEO of Baker Hughes[/size]
Political | 08:52 - 08/09/2024
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Mawazine News - Baghdad
Baker Hughes, an oil and gas company, announced today, Sunday, its desire to invest in Iraq.
A statement from his office received by (Mawazine News) stated that "Prime Minister Mohammed Shia Al-Sudani received today, Sunday, the Chairman of the Board of Directors of Baker Hughes, a company specialized in oil and gas, and its CEO, Mr. Lorenzo Simonelli, and his accompanying delegation." Al-Sudani stressed, according to the statement, that "Baker Hughes is one of the four largest companies in the world specialized in energy and oil services," noting "the government's keenness on the company's presence 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." He noted 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." The Prime Minister referred to "the development path that includes projects to transport oil and gas," stressing "the importance of completing the projects in which the company is working in Iraq, especially the Nasiriyah oil field, in which the company is investing 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 company's delegation confirmed their "commitment to The government, and their desire to invest in Iraq in the oil or gas sectors, and that they came to put the final touches to sign a strategic framework agreement with the Ministry of Oil, as well as sign a memorandum of understanding in the field of gas, and invest in the gas platform that will be established in the Grand Faw Port, expressing their "desire to finance some projects in Iraq."
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