Zurich, Switzerland, March 8, 2012 – ABB, the leading power and automation technology group, has won a $60 million contract from Shell Gas Iraq B.V. to build a new power plant in southern Iraq.
The power plant will be operated by the Basrah Gas Company, a joint venture company to be set up as part of the Iraq, South Gas Project, following signature of the main project agreements in November 2011. The project includes the rehabilitation of the existing facilities and addition of new facilities. ABB’s optimized technical solution and ability to execute the project on a tight schedule were both important factors that contributed to its success in winning this order.
“This project will ensure a stable and reliable power supply to support existing and future infrastructure,” said Veli-Matti Reinikkala, head of ABB’s Process Automation division. “ABB’s capability to fully execute all aspects of this complex project will help provide the Basrah Gas Company with the electricity it needs to successfully power its complete production process.”
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Zurich, Switzerland, March 6, 2012 – ABB, the leading power and automation technology group, has won orders worth more than $70 million from the Saudi Electricity Company (SEC), the national power transmission and distribution operator, to construct five new substations.
Petrofac, the international oil & gas service provider, has been awarded a US$330 million lump-sum engineering, procurement and construction (EPC) contract by Gazprom Neft Badra B.V. (‘Gazprom’) for the first phase of the Badra Oilfield Development Project in Iraq. The competitively tendered project will commence shortly and be completed in three 18-month phases, with final completion scheduled during the second half of 2015.
Nelspruit, South Africa, March 1, 2012 – ABB, the leading power and automation technology group has been awarded a large Electrification and Instrumentation (E&I) and Distributed Control System (DCS) order by Sappi Southern Africa.
(Reuters) KUWAIT, Feb 15 (KUNA) -- Kuwait Petroleum Corporation (KPC) is set to sign agreements and contracts with international firms worth a total USD 5 billion over the next two days. Earlier on Wednesday, the state-run oil company signed a contract to provide 20,000 barrels of crude and 300,000 tonnes of liquefied gas to a Thai firm on a daily basis, Managing Director of Global Marketing, Naser Al-Mudhaf said in statements to the press.