Monday, 22 October 2018

Trump administration pushes Iraq concede part of Siemens’ deal to GE

One of Iraq's aging power stations One of Iraq's aging power stations

Siemens and General Electric, two rival global engineering companies, are at loggerheads over a multi-million dollar power generation deal in Iraq. The Trump administration now intervened and put severe pressure on the Iraqi government to award part of a $15 billion contract – first discussed and pre-arranged with Siemens – to GE Power & Gas.

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