Iraq News Now

BAGHDAD - An American consortium led by Honeywell is poised to win a major gas deal in Iraq, bolstered by U.S. government lobbying for projects that would reduce Iraqi dependence on Iranian energy.

Honeywell, which is partnering with the U.S. firm Bechtel, signed a memorandum of understanding (MoU) in Baghdad on Wednesday to build the Ratawi gas hub, which in its first stage will process up to 300 million standard cubic feet per day (scf/d) of associated gas that is generated as a byproduct of crude production at five southern Iraqi oil fields. The new facility promises to cut Iraq’s current level of gas flaring by nearly 20 percent.

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