Error message

  • Warning: mysqli_connect(): php_network_getaddresses: getaddrinfo failed: Name or service not known in include() (line 248 of /var/www/www.monocodebase.com/htdocs/sites/default/settings/www.arabianoilandgas.com.settings.php).
  • Warning: mysqli_connect(): (HY000/2002): php_network_getaddresses: getaddrinfo failed: Name or service not known in include() (line 248 of /var/www/www.monocodebase.com/htdocs/sites/default/settings/www.arabianoilandgas.com.settings.php).
  • Warning: mysqli_close() expects parameter 1 to be mysqli, boolean given in include() (line 272 of /var/www/www.monocodebase.com/htdocs/sites/default/settings/www.arabianoilandgas.com.settings.php).

GE wins multi-billion dollar Iraq turbine deal

US giant to build 56 power generation units with capacity of 7000 MW

Al Dur, GE, GE oil and gas, GE reduces emissions, GE turbines, General Electric, Gulf mega projects, Iraq, Iraq electricity supply, Middle East utilities projects, NEWS, Industry Trends

Other stories: Top 10 MENA Region mega projects | Top 10 billion dollar oil deals of the summer | 2009's winners and losers in the oil industry10 events in oil's history that shook the world | Top 10 Gulf mega projects | Top 10 largest publicly traded oil companies | Top 10 National Oil Companies by production | World's 10 largest oilfield services companies | World's 10 largest oil and gas contractors 

Iraqi Minister of Electricity, Kareem Waheed, has announced that his department has awarded the US utilities giant General Electric (GE) a multi billion dollar contract to build 56 power generation units.

“The ministry has abandoned the patching-up methods and embarked on an integrated strategy to overhaul power in Iraq,” Waheed is quoted by the news agency as saying.

“The ministry will rehabilitate two units in al-Nasseriya steam-operated power plant through a $33 million contract,” he added.

Under the agreement, GE Energy is providing heavy-duty frame 9E multi-fuel gas turbines capable of supplying 7,000 megawatts (MW) of electricity.

The Government of Iraq plans to install the units at 10 key sites around the country to provide needed support for the electricity grid.

However there seems to be some discrepancy over the value of the contract. The initial agreement signed in December of last year valued the 56 gas turbine units at US$3 billion while the latest reports from Iraq value them at $7 billion.

Blog: How much is the GE's Iraq contract worth?

 

Newsletter

Most Popular

Digital Edition

Oil & Gas Middle East - September 2020

Subscribe Now