By John Lee. UK Export Finance (UKEF) has published its annual report and accounts for 2017 to 2018, in which it lists three export projects supported in Iraq: Enka UK Construction Ltd received letter of credit guarantees and supplier credit totalling £87,910,650 for the construction of a gas-fired power plant for Iraq’s Ministry of Electricity; […]
Tag Archives | GE
Tags: DJ, ENKA, Enka Insaat, Export credit, featured, Fortress Diagnostics, GE, General Electric, germany, Turkey, UK Export Finance (UKEF), United Kingdom
GE “Helps Najibiya Power Plant Reduce Downtime”
By Editor on 6th April 2018 in Construction & Engineering In Iraq, Iraq Industry & Trade News, Iraq Oil & Gas News
GE Power has installed its Advanced Gas Path (AGP) gas turbine upgrade solution at the Iraqi Ministry of Electricity’s (MOE’s) Najibiya Power Plant. The solution is expected to enable the MOE to increase the duration between the maintenance inspections of the gas turbines. This will decrease the downtime of the turbines and improve the availability […]
Tags: Electricity In Iraq, featured, GE, General Electric, Najibiya, Najibiyah gas power, United States
Baker Hughes to harness Flare Gas at Gharraf & Nassiriya
By John Lee. Baker Hughes has signed a contract to harness 200 MMcf/d of natural gas from Iraq’s Nassiriya and Gharraf oil fields. The Nassiriya field is operated by the state-run Dhi Qar Oil Company (DQOC) and currently producing around 70,000 barrels per day of crude oil, with a target of 150,000 bpd. Gharraf is operated […]
Tags: Baker Hughes, Dhi Qar, Dhi Qar Oil Company (DQOC), featured, flaring, gas capture, GE, General Electric, Gharraf, Nassiriyah, Petronas
$210m UK Support for GE Power Deal
By Editor on 1st February 2018 in Construction & Engineering In Iraq, Iraq Industry & Trade News, Iraq Public Works News
The UK’s Minister of State for Trade and Export Promotion, Baroness Rona Fairhead (pictured), has announced $210.8 million in support from UK Export Finance (UKEF) for the second project agreed under the UK-Iraq infrastructure Memorandum of Understanding. The contracts with the Ministry of Electricity in Iraq, valued at $220 million, will see GE Global Services UK upgrade […]
Tags: Electricity In Iraq, featured, GE, General Electric, SERV, Switzerland, UK Export Finance (UKEF), United Kingdom
BHGE: Growth in Iraq Offsets Decline in other Markets
By John Lee. In its 2017 Results, Baker Hughes, a GE company (BHGE) has said that rig count growth in Iraq and the UAE offset declines in other Middle Eastern markets. During the year, the company secured what it describes as the largest-ever turbomachinery and process solutions agreement with PetroChina for the provision of its […]
GE signs $400m Contract for 14 Electric Substations
The Iraqi Ministry of Electricity (MoE) has signed an agreement worth over $400 million with GE Power (NYSE: GE) to develop 14 electric substations on a turnkey basis and supply critical equipment such as transformers, circuit breakers and other outdoor equipment to rehabilitate existing substations and bring much-needed power to areas facing significant electricity shortages […]
BHGE to supply Generators for Halfaya Oilfield
Baker Hughes, a GE company, has signed an agreement for the provision of turbine generators to PetroChina International Iraq, in the biggest Turbomachinery & Process Solutions (TPS) agreement ever between the two companies. BHGE will deliver its Frame 6B gas turbine electric generator trains to support power generation for the Halfaya oilfield located in the […]
Tags: Baker Hughes, China, Electricity In Iraq, featured, GE, HaLFAYA, Italy, Maysan, Missan, PetroChina, United States
Opportunity for UAE Business: Key Iraqi Ministers come to Conference
By Editor on 31st October 2017 in Construction & Engineering In Iraq, Investment, Iraq Banking & Finance News, Iraq Industry & Trade News, Iraq Oil & Gas News
Rebuilding Iraq is central to the agenda of the Iraq Britain Business Council (IBBC) autumn conference at The Address, Dubai Marina on 12th November. The opportunity for businesses in the region to engage in Iraq is reflected by the attendance of a number of high profile Iraqi Ministers: from Electricity, Transport, Oil, Construction and Housing, […]
Tags: BP, conferences, dubai, featured, GE, Gulftainer, International Islamic Bank, International Monetary Fund (IMF), Iraq British Business Council (IBBC), KCA Deutag, Petronas, Serco, Shell, Siemens, United Arab Emirates (UAE), United Kingdom, Wood, World Bank, Zain
UKEF helps GE and Enka secure Power Contract
By Editor on 11th August 2017 in Construction & Engineering In Iraq, Investment, Iraq Banking & Finance News
UK Export Finance (UKEF) has announced that it is supporting the Enka UK and General Electric (GE) consortium with US$117 million in financing to deliver two critical power projects in Iraq. Rt Hon. Greg Hands MP (pictured), UK Minister for International Trade, welcomed the news, saying: “The Department for International Trade through UK Export Finance […]
Tags: Dhi Qar, Dhi Qar Power Plant, electricty, Energy Industry Council, ENKA, Enka Insaat, featured, GE, General Electric, NOF Energy, Samawa, Samawa power plant, Turkey, UK Export Finance (UKEF), United Kingdom
Mansurya Power Plant to delivering up to 720MW
GE has said it is supporting Iraq to develop its electricity infrastructure, working closely with the Ministry of Electricity to set up the Mansurya Power Plant in Diyala. Earlier, while still in its construction phase, the facility had been partially damaged during the conflict in the area and progress towards project completion had stalled. The […]
Baker Hughes signs Contract for Natural Gas Liquids Plant
Following extensive discussions, the Iraqi Ministry of Oil and Baker Hughes, a GE company (BHGE) signed a contract for fast-track solutions to help the recovery of flare gas in line with the country’s strategy for energy sector development. An advanced modular gas processing (NGL) plant has been recommended for Nassiriya as part of the initiative […]
Experts discuss Future of Iraq’s Economy at IBBC Retreat
By Editor on 12th July 2017 in Construction & Engineering In Iraq, Investment, Iraq Banking & Finance News, Iraq Education and Training News, Iraq Oil & Gas News, Iraq Public Works News, Politics, Security
The Iraq Britain Business Council (IBBC) held its annual weekend retreat on 7-9 July at Cumberland Lodge, Windsor Park, a venue dedicated to the advancement of international societal issues through constructive dialogue. Around 60 IBBC Members and guest speakers attended this unique event to discuss pressing issues on the future of Iraq’s economy, prospects and […]
Tags: AMEC Foster Wheeler, American University of Iraq Sulaimani (AUIS), Baroness Nicholson, Chatham House, Constellis, Ernst & Young (EY), featured, GE, International Monetary Fund (IMF), Iraq Britain Business Council (IBBC), KRG, Management Partners, Penspen, Restrata, Severn Glocon, Shell, The Economist, UK Export Finance (UKEF), United Kingdom