Iraq is poised to finalise a $1 billion-plus deal with a consortium of US companies Bechtel, Honeywell and Turkey’s Enka to build a new gas plant capable of producing 300 million cubic feet of associated gas per day from its southern fields.
Oil Minister Thamer Ghadhban expects the engineering, procurement and construction agreement to be signed before the end of the year, boosting efforts to harness more associated gas and reduce flaring.
