Iraq ~ Honeywell Has $360 Mln Of Contracts In Iraq ..

November 28, 2011

Honeywell Has $360 Mln Of Contracts In Iraq

BASRA, Iraq - Honeywell International Inc. (HON) currently has $360 million of contracts in Iraq, a company manager said Monday.

The Morristown, N.J.-based engineering company has a contract with China National Petroleum Corp. to develop process control systems and fire and gas detection systems at the Ahdab oil field, Tarek Nahl, the company's Middle East sales manager, told Dow Jones Newswires on the sidelines of an oil and gas exhibition here.

Honeywell is also upgrading a control and process system at the 140,000 barrels-a-day Baiji refinery, 200 kilometers north of Baghdad, Nahl said.

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It has also contracts with the country's state South Oil Co. to develop process and control and fire and gas detection systems at the Subba/Luhais oil field in southern Iraq, he said, and is developing a process control system for Basra's crude oil export pipeline project currently under construction.

Honeywell is also in talks with other international oil companies working in Iraq about the supply of process automation equipment to Iraq's southern oil fields, he said.

The company opened an office in Basra recently, its second in Iraq after one in Baghdad opened last year.

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