Siemens and Iraq Sign Energy Cooperation Agreement

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Siemens announced today it has signed a memorandum of understanding with the federal government of Iraq to strengthen the collaboration with the country’s Ministry of Energy and Ministry of Oil & Gas.

Siemens board member Siegfried Russwurm and Iraq’s Minister of Electricity Qassim al-Fahdawi signed the agreement in Baghad today, in the presence of the country’s Prime Minister Haider al Abadi.

Under terms of the agreement, Siemens will develop an enhanced energy concept to advise the Iraqi government on the development and optimization of the country’s power generation and grid infrastructure.

The parties will also explore further opportunities for cooperation in the future, including financing and plant rehabilitation projects in the country.

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