View Full Version : BHGE: Growth in Iraq Offsets Decline in other Markets

Investors Iraq News
01-31-2018, 01:40 AM
By John Lee.
In its 2017 Results, Baker Hughes, a GE company (BHGE) has said that rig count growth in Iraq and the UAE offset declines in other Middle Eastern markets.
During the year, the company secured (http://www.iraq-businessnews.com/2017/11/22/bhge-to-supply-generators-for-halfaya-oilfield/) what it describes as the largest-ever turbomachinery and process solutions agreement with PetroChina (http://www.iraq-businessnews.com/list-of-international-oil-companies-in-iraq/international-oil-companies-petrochina/)for the provision of its proven turbine generators for the Halfaya oilfield (http://www.iraq-businessnews.com/list-of-oil-and-gas-fields-in-iraq/oil-and-gas-fields-halfaya/) in Iraq.
In a statement, the company said the agreement strengthens BHGE’s presence in Iraq and demonstrates the Company’s dedication to the region.
(Source: BHGE)

Source: Iraq-BusinessNews.com. (http://www.iraq-businessnews.com/2018/01/31/bhge-growth-in-iraq-offsets-decline-in-other-markets/)

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