Baghdad (IraqiNews.com) – Officials from Baker Hughes, a US-based oil field services company, reaffirmed on Sunday their intention to make investments in the oil and gas industry in Iraq.
During a meeting with the Iraqi Prime Minister, Mohammed Shia Al-Sudani, Baker Hughes representatives said that their visit to Baghdad aims to finalize a strategic framework agreement with the Iraqi Ministry of Oil, as well as a memorandum of understanding in the field of gas, according to a statement released by the Prime Minister’s Office (PMO).
Baker Hughes is also interested in investing in the gas platform Iraq is constructing at the Grand Al-Faw Port in the southern part of the country, according to the company’s officials.
The gas platform will be the first of its kind in the country’s oil and gas industry and its supporting infrastructure. It will cover the gap in the operation of power plants and provide a steady supply of gas from various sources.
The project is part of the government’s efforts to solve issues related to gas supplies, remove the obstacle of gas imports, and shift to dependence on gas produced from Iraqi fields.
The Iraqi Prime Minister confirmed that the government is planning major projects in the oil, gas, and petrochemical sectors.
Iraq’s strategic project of the Development Road includes a project to transport oil and gas, Al-Sudani noted during the meeting.
Al-Sudani also emphasized the significance of finishing the company’s project, which is scheduled for completion in 2026 and utilizes associated gas with a 200 million standard cubic foot capacity from the Nasiriyah oil field in southern Iraq.
