Tag Archives | STX

S Korea wins $500m Deal for Electricity in Iraq

By John Lee. South Korea’s STX Marine Service has reportedly won a contract to restore and operate diesel-fueled electric power plants in Iraq. According to Yonhap, the company said the US$500-million deal will see it four 900-megawatt electricity generation units over five years. It calls for 100 South Korean engineers to be dispatched by STX, […]

STX Wins More Iraq Business

Korea’s STX Heavy Industries has announced another major contract win in Iraq. The $99.5-million deal will see the company build a new gas treatment facility at the Gharraf [Garraf] oilfield. Malaysia’s state oil firm Petronas holds 45 percent of the Gharraf project, Japan Petroleum Exploration (Japex) 30 percent, and Iraq’s North Oil Company (NOC) 25 percent. […]

200MW Power Station Opened in Missan

Iraq’s Minister for Electricity, Kareem Aftan al-Jumaili, has opened a new 200MW power station in Missan province, according to a report from AKnews. The new diesel-fueled station, to the north of Amara, was built by the South Korean company STX at a reported cost of $220 million (260 billion Iraqi dinars). According to a spokesperson for […]

Iraq to Export Electricity Next Year?

Iraq’s electricity problem could be solved by the end of the 2013, according to Iraq’s deputy prime-minister with responsibility for energy. Husain al-Shahristani (pictured) told local reporters, “this year power output will reach 9,000 megawatts and skyrocket to 20,000 megawatts in 2013”. AKnews reports that he made the remarks as he inaugurated a new 400MW […]

STX Discusses Major Projects with Shahristani

Iraq’s Deputy Premier with responsibility for energy affairs, Hussein Shahristani, has reportedly met the chairman of the South Korean STX Group to discuss possible cooperation in building power stations. According to the report from Aswat al-Iraq, STX has already completed a diesel power station with a capacity of 900 megawatts. A statement from Mr Shahristani’s […]

Iraq in $1bn Power Deals with Chinese, Korean Firms

Reuters reports that Iraq has finalised a $1.08 billion contract with the China National Machinery & Equipment Import & Export Corp (CMEC) to build a 1,260-megawatt thermal power plant. “The signing will take place next week or the week after,” Laith al-Mamury, the head of investments and contracts at the ministry, said at a ceremony […]

STX Group Plays Down Risk of Power Deal Failure

According to reports from Reuters, the Korean giant STX Group has played down the possibility that its $2.76 billion power deal with the Iraqi government may collapse. Following report that STX was running out of time to secure a third party financial guarantor, the shipping-to-energy conglomerate says the contract does not mention a three-month deadline […]

STX Signs Deal for 25 Power Plants

Korean company STX Heavy Industries has signed an agreement today to install 25 power plants to generate a total of 2,500 megawatts in Iraq, according to a report from Bloomberg. “This is a big event as the company will be establishing 25 plants in a region ranging from the southern city of Basra to the […]

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