Iraq Endorses Cooperation Framework Guidelines with Siemens Energy

Iraq-Siemens Energy Cooperation: The Iraqi Cabinet has approved an energy cooperation framework with Germany's Siemens Energy, although specific details were not disclosed.

Siemens' Involvement in Iraq: Siemens has previously engaged in electricity projects in Iraq, including long-term service contracts for three power plants and a deal to enhance the country's power network in 2023.

Electricity Challenges in Iraq: Iraq faces significant electricity shortages, particularly during summer, largely due to its reliance on Iranian natural gas imports and recent outages caused by infrastructure failures.

Agreements with Oil Companies: Over the past two years, Iraq has signed agreements with major oil companies like Chevron, TotalEnergies, and BP, which had previously withdrawn from the country.