By John Lee. ABB is reportedly targeting 2024 for the completion of energy projects in Iraq. Its managing director for the Middle East, Mostafa Al Guezeri, told The National that the Swiss-Swedish company is in the planning stage for its $1.2-billion work in the country. He added that the company was committed to spending more […]
Tag Archives | ABB
ABB Wins Orders from Iraq's Min of Electricity
Swiss-Swedish group ABB has won orders from the Ministry of Electricity in Iraq to deliver five fixed and 15 mobile 132-kilovolt substations that will help strengthen the power grid and provide electricity in central Iraq. The government of Iraq is rebuilding the country and investing in its grid as part of its ambitious plan to […]
ABB wins $30m Infrastucture Order in Basra
Swiss-based ABB has won an order to supply and install a substation at the 3,000 megawatt (MW) Rumaila power plant, located in the Basra region of southern Iraq. The completed power plant will be operated by Shamara Holding Group (SHG), one of Iraq’s largest private industrial conglomerates and an independent power producer. The Rumaila power […]
Tags: ABB, Basra News, DJ, Electricity In Iraq, featured, Rumaila, Rumaila Energy Park, Shamara Holding, Switzerland, WW
ABB in $500m Iraq Electricity Deal
By John Lee. Iraq has signed a $500-million agreement with Swiss-Swedish ABB to implement energy transmission projects. Prime Minister Haider al-Abadi's office said on Sunday that the agreement was signed between the company and the government of Iraq for the Ministry of Electricity. (Source: Office of the Prime Minister)
New Allegations of Massive Corruption in Iraq Oil Industy
By John Lee. An investigation by Fairfax Media -- publisher of The Age and The Sydney Morning Herald newspapers -- and The Huffington Post, claims that Monaco-based Unaoil has been involved in widespread bribery and corruption in the oil industry, including in Iraq, Iran and Libya. Following examination of tens of thousands of emails, the report says that Unaoil […]
Tags: ABB, bribery, Cameron, Cameron/Natco, Clyde Pumps, Core Labs, Corruption, featured, FMC Technologies, Hyundai, Leighton, Luaibi, MAN Turbo, Monaco, Petrofac, Rolls-Royce, Rosetti Marino, Saipem, SBM Offshore, Shahristani, Shaw Group, South Oil Company (SOC), Unaoil, Weatherford, Weir Group
ABB wins $100m Order Supporting Iraq Power Infrastructure
Switzerland's ABB has won an order worth around $100 million from Mass Global Holding to deliver a gas-insulated switchgear (GIS) substation that will help integrate 3,000 megawatts (MW) of electricity generated by a combined cycle power plant, utilizing Iraq’s natural gas resources. The government is rebuilding the country, investing in national housing programs and has […]
Court Rejects 'Oil-for-Food' Lawsuit
By John Lee. The US Supreme Court has rejected an attempt by Iraq to revive a lawsuit against companies for allegedly conspiring with Saddam Hussein's government to subvert the United Nations oil-for-food program. According to the Reuters report, more than 80 companies and other entities were named as defendants in the 2008 lawsuit over the […]
Tags: ABB, BNP Paribas, Chevron, featured, France, germany, GlaxoSmithKline, oil for food, Siemens, Switzerland, United Kingdom, United States
Korean Firm wins $146m Contract at Bismaya
By John Lee. South Korea's LSIS said on Tuesday that it has signed a deal to supply electrical equipment for the Bismayah New-City Project (BNCP) (pictured). The deal, worth about 160 billion won ($146 million, 170 billion Iraqi dinars), will see the company supply equipment for gas insulated switchgear at 32 substations over the next […]
Tags: ABB, Bismaya, Bismayah, Electricity In Iraq, featured, korea, LS Industrial Systems (LSIS), Siemens
Iraq Loses Oil-for-Food Lawsuit
By John Lee. According to a report from Reuters, a US federal appeals court has rejected Iraq's effort to sue dozens of companies for allegedly conspiring with the Saddam Hussein regime to subvert the United Nations' oil-for-food programme and deprive Iraqi citizens of humanitarian aid. The court said Iraq's government could not recoup damages under […]
Tags: 'Your Country' - United Kingdom, 'Your Country' - United States, ABB, BNP Paribas, Chevron, Corruption, France, germany, GlaxoSmithKline, GSK, oil for food, Siemens, Switzerland
ABB's Ventyx Wins Power Deal
Ventyx, an ABB company, has announced that it has signed an agreement with the Ministry of Electricity (MOE) in Iraq to provide state-of-the-art energy management systems that will help improve the availability, performance and reliability of power supplies in Iraq from main control centers in Baghdad, Kirkuk and Basra. The agreement is part of a […]
ABB Wins $30 Power Grid Order
ABB has won an order worth around $30 million from Zagros Energy to build four new transmission and distribution substations in the Kurdistan region of Iraq, as part of an overall initiative to expand and strengthen the regional power grid. The order was booked in the second quarter. Demand for reliable power is growing at […]
ABB Wins Iraqi Smart Grid Contract
ABB, the global power and automation technology group, has won an order from LS Industrial Systems (LSIS) to deliver a utility communications solution that will serve seven electricity distribution control centers in Iraq. The project is part of a larger infrastructure improvement initiative currently being carried out by the Ministry of Electricity in Iraq, aimed […]