Gas turbine project in Iraq secures $211m UK funding

UK Export Finance (UKEF) is to provide $210.8 million (£148.9m) to help General Electric (GE) Global Services secure a landmark gas turbine contract in Iraq. The project will upgrade and repair existing turbines across 10 sites to deliver an improved and secure power source, able to generate 6.5GW of capacity and powering millions of homes across […]

Siemens to modernise four power plants in Iraq

Siemens has inked a deal with Iraq’s Ministry of Electricity to modernise four power plants in the country. With 15,700MW of available power generating capacity, the government is working towards improving the availability and reliability of power supply while minimising losses. Siemens said the multi-million euro service contracts will see the company enhance the efficiency […]

UK grants $17m for gas-fired power plants in Iraq

UK Export Finance (UKEF) is providing $17 million (£13m) for two firms to deliver power projects in Iraq. Enka UK and General Electric (GE) will use the financing for the construction of two 150MW gas-fired power plants at Dhi Qar and Samawa in southern Iraq. They are expected to help alleviate severe energy shortages in […]

IS suicide bombers ‘attack power plant in Iraq’

Islamic State (IS) militants reportedly attacked a power station in the Iraqi city of Kirkuk today. Reports claim at least 13 workers were killed when the suicide bombers stormed the facility and blew themselves up. It is believed to be aimed at diverting security forces from a massive offensive against IS-held city of Mosul. The […]

Siemens and Iraq ink energy deal

Siemens is to help Iraq modernise its energy infrastructure and the oil and gas sector. It has signed a Memorandum of Understanding with the Federal Government of the Republic of Iraq to strengthen collaboration with the Ministry of Energy and the Ministry of Oil & Gas. The technology giant will develop an enhanced energy concept […]

Iraq second behind US in global oil supply in 2015

Iraq was the second leading contributor to the growth in global oil supply last year, behind only the US. Crude oil production in Iraq averaged four million barrels per day (b/d) in 2015, almost 700,000 b/d above the 2014 level. The country is the second largest oil producer in the Organisation of the Petroleum Exporting […]

OPEC pumped 31.28m barrels per day in June

Oil production from the Organisation of the Petroleum Exporting Countries (OPEC) was 31.28 million barrels per day (b/d) in June. New figures revealed production last month increased by 170,000 b/d compared to May. It stated this is the fourth consecutive monthly rise since February as Saudi Arabia and Iraq are generating more oil,, according to Platts. Saudi […]

Power and gas prices down – DMR

The price of power and gas is down, according to npower’s daily market report. This is due to a fall in demand as plenty of supply is available despite an increase in exports through the Interconnector at 35mcm. CCGT demand has fallen to around 30mcm. Wind generation is 1GW below forecast and solar generation is forecast […]

Iraq awards $25m power substation contract

Iraq has handed out a $25 million (£15m) contract to design and build 16 mobile electricity substations. Iraq’s General Directorate for Transmission in the Upper Euphrates region placed the order with electrical services firm CG. They are for temporary grid connections and power supplies to be supplied by September 2015, said CG. Laurent Demortier, CEO […]

OPEC pumps 70,000 barrels more oil in August

More oil pumping from Libya and Angola pushed up production in the Organisation of Petroleum Exporting Countries (OPEC) by 70,000 barrels a day (b/d) last month. The Middle Eastern group’s oil gushed up to 30.2 million b/d in August from 30.13 million b/d in July, according to a Platts survey of OPEC and oil industry […]