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According to dept of energy: “commercial agreements worth as much as $8 billion were reached during a signing ceremony between U.S. energy companies and the Government of Iraq on August 19, 2020.” However:
1. Honeywell and the Ministry of Oil agreed to advance the development of the Ar Ratawi gas project, which will further enable Iraq to capture, process, and utilize indigenous gas resources to meet domestic energy demand.
They’ve been negotiating for years so the agreement is to negotiate more!
2. Baker Hughes and the Ministry of Oil agreed to further collaboration on flare gas-to-power opportunities, and deployment of U.S. oil field services and equipment.
Agreed to collaborate...they’ve been collaborating for years with no tangible results. Did they say “signed an agreement”?
3. Chevron and the Iraqi Ministry of Oil outlined a framework for entering into exclusive negotiating on an exploration, development, and production contract in the Dhi Qar Province.
An agreement to negotiate! Bottom line: there are “agreements” and there are “agreements”!
Of the 5 “agreements” announced by the dept of energy, 2 are with ministry of electricity:
1. Stellar Energy and the Ministry of Electricity concluded a front-end engineering and design agreement that will help advance deployment of turbine inlet air chilling technology on more than 30 turbines, which will increase power sector efficiency by as much as 30 percent.
2. General Electric and the Ministry of Electricity committed to three agreements that will help increase reliable access to electricity in Iraq, including efforts related to GE’s existing generation maintenance program, addition of combined cycle units at the Dhi Qar and...
Samawah power plants, and collaboration on strengthening Iraq’s electricity grid and interconnection with neighboring countries.
