Iraqi contracts handled with caution

More than 200 companies are expected to compete for up to USD 1 billion in contracts to repair Iraq’s oil infrastructure, but continued violence there has tempered some interest.
The US Army Corps of Engineers has invited bids for two long-awaited oil contracts for the north and the south of the country, both which were set at a minimum of USD 500,000 but could grow to as much as USD 500 million over time. US construction giants Bechtel Corp – already at work on a major rebuilding contract in Iraq – and Fluor Corp have said they would most likely compete for a piece of the work, and sources at the Army Corps say more than 200 other firms have expressed interest as well.

Looking for more projects or tenders?
Subscribe to our Project Preview Newsletter

Previous articleAllegheny Technologies names new CEO
Next articleQatar LNG project
Stainless Steel World is part of The KCI Media Group, a group of companies focused on building and sustaining global communities in the flow control industries. We publish news on a daily basis and connect business-to-business professionals through our online communities, publications, conferences and exhibitions.