By John Lee.
Baker Hughes Chairman and CEO Lorenzo Simonelli met this week with Iraqi Prime Minister Mohammed S. Al-Sudani to explore avenues of cooperation in the energy sector and review the company's current projects in the country.
Talks focused on the development of gas processing units at the Nasiriyah oil field, with a target capacity of 200 million standard cubic feet per day. Phase one of the project is expected to be completed before the summer of 2026, followed by phase two in 2027.
Prime Minister Al-Sudani reiterated the government's commitment to supporting Baker Hughes' operations in Iraq, highlighting a series of reforms designed to improve the business climate and attract international investment across all sectors.
Mr. Simonelli affirmed Baker Hughes' intention to expand its presence in Iraq and deliver strategic energy projects, emphasising the country's potential as a key investment destination.
(Source: PMO)
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