Aggreko Sees Iraq as Important Market for Future

In its Interim Management Statement on Friday, covering the period from 1 July 2011, Aggreko plc said that it had recently signed its first sizeable contract with an industrial company in Iraq.

According to Bloomberg, it will provide 40 megawatts of power in Basra.

The company, a world leader in the supply of temporary power generation and temperature control, said that it regarded Iraq as an important market in the future.

The company’s shares closed the day up just 0.35%.

(Sources: Aggreko, Yahoo, Bloomberg)

One Response to Aggreko Sees Iraq as Important Market for Future

  1. john mcdaniel October 22, 2011 at 4:36 pm #

    when do you think the iraqi denar will revalue and how much after the u.s troops leave?