Prime Minister Mohammed Shia Al-Sudani received today, Sunday, the Chairman of the Board of Directors of Baker Hughes, specialized in oil and gas, and its CEO Lorenzo Simonelli and the accompanying delegation.
Al-Sudani stressed, according to a statement by his office, that Baker Hughes is one of the four largest companies in the world specialized in energy and oil services, pointing to 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, 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.
The Prime Minister referred 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 co
mpany is investing to extract associated gas, with a capacity of 200 million standard cubic feet, which is expected to be completed in 2026.
For his 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 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.
Source: National Iraqi News Agency