Petrofac International Group has been able to obtain a new contract in Iraq, including the rehabilitation and re-adjustment of the Nasiriyah gas plant in southern Iraq after the withdrawal of the Korean company Kogas from the project and the sale of the contract to Petrofac.
Natural Gas World, a global gas power company, said the multi-billion-dollar deal won by Kugas since 2011 has now withdrawn from Petrofac, while it has not been disclosed. The details of the transaction, or the prices at which the contract was purchased and its terms.
The network pointed out that the withdrawal of the Korean company from the contract may be a direct result of fear of the results of the referendum of the President of the Kurdistan region of the end of the state, Massoud Barzani, to pass its separatist goals.
