GE Oil & Gas signs first-of-its-kind partnership agreement with Iraq Ministry of Oil to strengthen energy production

Source: GE Oil & Gas

GE Oil & Gas has signed an agreement that aims to enhance the operational efficiency of all assets of the Ministry and promote the sustainable growth of the nation’s economy.

Representatives from GE Oil & Gas and Iraq’s Ministry of Oil signed a first-of-its-kind partnership agreement in Baghdad yesterday to strengthen the performance of the nation’s energy sector. Front row centre left (wearing the blue tie) is Rami Qasem, President & CEO, GE Oil & Gas, Middle East, North Africa & Turkey. Front row centre right is Hamid Younis, Deputy Minister of Gas affairs. Front row far right is Nihad Musa, Director General of SCOP (State Company of Oil Projects). Also in the photo is Muthanna Jaber, GE Oil & Gas’ sales manager (top left) and Fhayad Hassan Nima, Iraq’s Deputy Minister of Oil.

GE Oil & Gas has signed a first-of-its-kind partnership agreement with the Iraqi Ministry of Oil that aims to strengthen the performance of the nation’s energy sector by providing advanced equipment, technology upgrades, maintenance of the Ministry’s fleet and ensuring knowledge transfer, skills development and local jobs.

The agreement aims to enhance the operational efficiency of all assets of the Ministry and promote the sustainable growth of the nation’s economy. It also envisages the setting up of the country’s first Monitoring & Diagnostics Center that will leverage GE’s Digital solutions. The 24/7 center will take Big Data from sensors embedded in the Ministry’s equipment and with advanced software analytics  will offer web-based solutions that enable predictive maintenance, reduced downtime and overall improved operational efficiency  

GE and Iraq Ministry of Oil have agreed to partner on an end-to-end solution to reduce gas flaring in Iraq oil fields and use it for power generation. This solution could translate into more than 200 Megawatts per site and recovery of several thousand barrels per day of liquefied petroleum gas.

In addition, GE Oil & Gas will partner with the Ministry of Oil to develop financing structures for its projects by tapping into its international knowledge and expertise in supporting major Oil & Gas projects around the world.

Underlining the commitment of GE Oil & Gas to localization, the agreement will work to create additional jobs for Iraqis, and build national human capital through advanced technical training and knowledge transfer. This builds on GE Oil & Gas’ existing capabilities in terms of people employed, shops, repair and services. Underlining its commitment to job creation and localization, GE has hired more than 200 Iraqi employees in the country over the past five years.

The partnership agreement was signed at the offices of the Iraqi Ministry of Oil at a ceremony attended by Fayadh Hassan Nima, Deputy Minister of Oil; Rami Qasem, President & CEO, GE Oil & Gas, Middle East, North Africa & Turkey; Aziz Koleilat, President & CEO, GE Iraq as well as other senior dignitaries and officials.

Over the course of the agreement, GE Oil & Gas will work with the Iraq Ministry of Oil to introduce its latest technologies and solutions to upgrade the Ministry’s assets that will contribute to the reliability and efficiency of the energy sector.

GE has recently signed a ‘Power Up Plan’ with the Iraq Ministry of Electricity for critical electricity generation and maintenance projects throughout the country. The plan comprises a set of technological solutions, and upgrade projects to be carried out to ensure essential incremental power is added to the national grid in time for the summer period.

With three offices in Iraq - in Baghdad, Erbil and the southern oil & gas hub of Basra –  GE continues to deliver its latest technology and expertise to local customers. GE has over 40 years of presence in Iraq, and helps support the country’s infrastructure needs in power generation, oil & gas, water processing, aviation and healthcare.

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