Saddam Hussein
BANNED
- Joined
- Jun 20, 2018
- Messages
- 4,020
- Reaction score
- -8
- Country
- Location
So it seems..
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https://www.reuters.com/article/us-...ontract-with-ge-financial-times-idUSKCN1MR1OO
Siemens (SIEGn.DE) may have to share a multi-billion dollar deal with U.S. rival General Electric (GE.N) to improve Iraq’s energy supply system following an intervention by President Donald Trump’s administration, The Financial Times reported on Wednesday.
The U.S. government intervened in favor of GE and put pressure on the Baghdad government, the FT said, citing people familiar with the matter.
Although no decision has been made, Siemens had been the favorite to win the contract to supply 11 gigawatts of power generation equipment to Iraq in a deal reported to be worth around $15 billion.
But the Trump administration reminded the Iraqi government that 7,000 U.S. personnel had died since the 2003 invasion which overthrew Saddam Hussein, the people said.
GE, which has been battling a severe downturn in its power division, is now expected to take a substantial part of the sale, which could be included in its figures when it reports its third-quarter earnings on Oct. 30.
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https://www.reuters.com/article/us-...ontract-with-ge-financial-times-idUSKCN1MR1OO
Siemens (SIEGn.DE) may have to share a multi-billion dollar deal with U.S. rival General Electric (GE.N) to improve Iraq’s energy supply system following an intervention by President Donald Trump’s administration, The Financial Times reported on Wednesday.
The U.S. government intervened in favor of GE and put pressure on the Baghdad government, the FT said, citing people familiar with the matter.
Although no decision has been made, Siemens had been the favorite to win the contract to supply 11 gigawatts of power generation equipment to Iraq in a deal reported to be worth around $15 billion.
But the Trump administration reminded the Iraqi government that 7,000 U.S. personnel had died since the 2003 invasion which overthrew Saddam Hussein, the people said.
GE, which has been battling a severe downturn in its power division, is now expected to take a substantial part of the sale, which could be included in its figures when it reports its third-quarter earnings on Oct. 30.