Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Iraq Awards $843 Million Power Contract to Weatherford

June 19 (Bloomberg) -- Iraq awarded an $843 million contract to Weatherford International Ltd. to install six power generation plants at the Zubair oil field in the south of the country, State Minister Ali Al-Dabbagh said by telephone.

The plants will take 18 months to install, Dabbagh, also the government spokesman, said in an earlier statement today.

Zubair produces about 200,000 barrels a day, Idris al Yasiri, director general of state-run Iraq Drilling Co., said Nov. 3. A group led by Eni SpA won a contract in 2010 to boost output at Zubair to 1.2 million barrels a day within six years and maintain that level for an additional seven years, according to a statement from the Rome-based company at the time.

Eni controls almost 33 percent of the group managing the Zubair project, as Iraq’s state-run Missan Oil Co. owns 25 percent, Occidental Petroleum Corp. holds 23 percent and Korea Gas Corp. has almost 19 percent.

To contact the reporter on this story: Nayla Razzouk in Dubai at nrazzouk2@bloomberg.net; Khalid Al-Ansary in Baghdad at kalansary@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.