By John Lee.
The Chief Executive Officer of Italy's Saipem has said that the company is negotiating a contract worth around $1 billion in Iraq.
According to Reuters, Pietro Franco Tali (pictured) said on a conference call that the negotiations could be finalised by the end of the year.
Iraq Business News believes the contract being discussed is a 1,500 megawatt power plant in western Iraq.
(Source: Reuters)
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