GE signs Power Deal in Iraq

By John Lee.

General Electric (GE) has signed a “strategic framework agreement” with Iraq’s Oil Ministry on Sunday.

The projects are planned to generate more than 400 megawatts of power for oil installations by summer.

Other initiatives are to maintain existing generating infrastructure and reduce gas flaring from oil fields.

The ministry did not specify the agreement’s value or timeframe.

(Sources: Reuters, Oil Ministry)

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