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Energy Giant: We are finalizing a strategic agreement with Iraq
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Baghdad Today - Baghdad
Baker Hughes, the global oil and gas giant, 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 Prime Minister's Media Office said, received by "Baghdad Today", that Al-Sudani received today "the Chairman of the Board of Directors of Baker Hughes, a company specializing in oil and gas, and its CEO, Lorenzo Simonelli, and the accompanying delegation, and stressed 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 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, 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 path that includes projects to transport oil and gas," stressing "the importance of completing the projects that the company is working on 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 its part, the Baker Hughes 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 on signing 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 that will be established in the Grand Faw Port, expressing their desire to finance some projects in Iraq.
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