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Iraq Signs MoU with Siemens, Shlumberger for Investment in Gas

Iraq on Sunday signed a memorandum of understanding with Siemens Energy and Schlumberger to tackle curb gas flaring and channel the captured resource to boost the country’s power generation capacity. Deputy Prime Minister for Energy Affairs and Oil Minister Hayan Abdul Ghani said the MoU aligns with the ministry’s plan to utilize associated gas for electricity production. “This will provide productive and valuable energy to support power plants and the national grid,” he said at a press conference following the signing ceremony.

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