Oil & Gas

15 May 2024

Iraq and Honeywell Sign Deals to Support Iraq's Energy Growth

15 May 2024  by iraqinews   
The Iraqi government and Iraq’s private sector and Honeywell have signed a number of Memoranda of Understandings (MoUs). The MoUs will strengthen Iraq’s infrastructure as the nation deals with a growing demand for energy and power.

The agreements were made in April 2024 while Iraqi Prime Minister Mohammed Shia Al-Sudani was visiting the US.

A statement from the US company states that Honeywell was able to look into possible strategic alliances with Iraq’s oil and gas industries through these agreements. These alliances could involve the provision of development, automation, remote control, and monitoring services in addition to the prevention of gas flaring.

“Honeywell has done remarkable work in Iraq, and I look forward to what we can do with these agreements,” said Ken West, president and CEO of Honeywell Energy and Sustainability Solutions (ESS).

“While there has been significant development within the energy sector locally, there is still tremendous potential for growth and cooperation, all aimed at providing a more reliable and sustainable energy sector for Iraqis throughout the country,” added West.

Since the 1970s, Honeywell has operated in Iraq, and most recently, Mohamad Shaboot was named President of Honeywell Iraq.

“These agreements show a clear commitment by both Honeywell and the Iraqi public and private sectors to continue the modernization and development of local industry,” said Shaboot. “The focus on the energy sector is only continuing to grow and it is incumbent upon all of us to put in place the necessary technology and rigor to help realize a better energy future for the entire region.”

Honeywell provides industrial services in a number of areas, such as energy, smart buildings, and aerospace.


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