Iraq Signs MoU with Siemens Energy and Schlumberger to Boost Power Generation
In a significant move, Iraq has officially signed a memorandum of understanding with Siemens Energy and Schlumberger to address the issue of gas flaring and utilize the captured resource to enhance the country’s power generation capacity.
Deputy Prime Minister for Energy Affairs and Oil Minister Hayan Abdul Ghani emphasized that the MoU aligns perfectly with the ministry’s strategy to harness associated gas for electricity production. He stated that this initiative would provide valuable energy to support power plants and the national grid, ultimately strengthening the country’s energy sector.
Abdul Ghani further noted that the MoU opens doors for potential joint ventures with these technology giants, signaling a new era of collaboration in the energy industry.
German Embassy Chargé d’Affaires Maximilian Rach commended the partnership, expressing Germany’s full support for Iraq’s endeavors to boost energy production while reducing carbon emissions. He expressed optimism that this collaboration would extend to other sectors in the future.
Siemens Energy Iraq Director, Muhannad Al-Saffar, highlighted the significance of the MoU as a foundation for long-term cooperation aimed at ending gas flaring and utilizing captured gas for power generation. He emphasized that this initiative would play a crucial role in enhancing energy security, reducing imports, and protecting the environment.
Izzat Saber, the undersecretary for gas affairs at the Ministry of Oil, emphasized that partnering with major international companies like Siemens Energy and Schlumberger would not only strengthen the electricity sector but also optimize expenditures and ensure environmental preservation.
Schlumberger Iraq’s General Manager, Wissam Al-Azm, underscored the joint commitment to developing innovative solutions and leveraging cutting-edge technologies to pave the way for a sustainable energy future in Iraq.