Iraq Business News: Saipem Negotiating $1bn Iraq Contract

Iraq Business News All the latest business news from Iraq

Saipem Negotiating $1bn Iraq Contract Oct 25th 2012, 00:45 By John Lee. The Chief Executive Officer of Italy’s Saipem has said that the company is negotiating a contract worth around $1 billion in Iraq. According to Reuters, Pietro Franco Tali (pictured) said on a conference call that the negotiations could be finalised by the end of the year. Iraq Business News believes the contract being discussed is a 1,500 megawatt power plant in western Iraq. (Source: Reuters)

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