Strategic Alliances in Oil Production: KBR's Continued Partnership with Basra Oil Company

In an important development for the oil industry in Iraq, KBR announced today that it has secured the renewal of its engineering, procurement, and construction management (EPCM) contract with Basra Oil Company (BOC) for the Majnoon Oil Field for an additional two years. This contract extension not only underscores the robust partnership between KBR and BOC but also highlights their collective commitment to enhancing Iraq's energy sector. Under this renewed contract, KBR will continue to provide comprehensive EPCM services, which are critical for sustaining forecasted production capacity at the Majnoon Oil Field.

The Majnoon Oil Field, known for its strategic significance, requires a collaborative approach to maximize operational efficiency. KBR's involvement will undoubtedly enhance local content, thereby promoting sustainable growth within the region. Jay Ibrahim, President of KBR Sustainable Technology Solutions, emphasized the importance of this contract extension, noting that it reinforces KBR's ongoing commitment to Iraq’s national energy strategy and the sustainable development of the Majnoon field. Clearly, KBR is dedicated to not only supporting the immediate needs of BOC but also contributing to Iraq's long-term domestic capacity enhancement.

Commitment to Local Development and Safety

Moreover, KBR’s strategy involves employing a high number of local professionals in Iraq, which is essential for meeting targeted percentages at the Majnoon site and other regional hubs. This local workforce enables KBR to ensure the seamless execution of ongoing and upcoming projects, particularly as part of the Growth II Program. By focusing on local talent, KBR not only fosters community development but also aligns with global best practices in project execution.

Mr. Kadhim Kareem, CEO of the Majnoon Field at Basra Oil Company, clearly articulated the mutual benefits of this partnership. He stated, “KBR will continue to be our strategic partner in EPCM projects in Majnoon, successfully supporting our long-term development goals and maximizing field potential through safe, efficient, and sustainable project execution.” This statement reflects the shared vision between KBR and BOC, emphasizing a commitment to safety and efficiency in all operations. 

The renewal of KBR's contract with Basra Oil Company represents a significant milestone in Iraq's oil production landscape. Through strong partnerships and a focus on sustainable practices, both companies are positioned to drive growth and enhance operational performance in one of the country's most vital assets.

Strengthening Nuclear Energy: ENEC and Framatome’s Strategic Partnership

In a significant move towards enhancing energy security and sustainability, Framatome and the Emirates Nuclear Energy Company (ENEC) have signed a landmark agreement for the supply of nuclear fuel assemblies and engineering services for the Barakah Nuclear Energy Plant in the United Arab Emirates (UAE). This collaboration not only emphasizes the importance of nuclear energy in the region but also highlights the commitment of both entities to meet the rising energy demands while adhering to stringent environmental standards.

Under the terms of this agreement, Framatome will supply complete nuclear fuel assemblies tailored for use at the Barakah Plant. With decades of experience in nuclear fuel manufacturing and innovation, Framatome emerges as a strategic partner capable of bolstering the resilience and flexibility of ENEC's fuel supply chain. This partnership aims to ensure that the Barakah Nuclear Energy Plant continues to excel in nuclear power generation, thereby contributing significantly to the UAE's clean energy goals.

The agreement also plays a crucial role in ENEC's long-term strategy to diversify its fuel supply chain. By securing a dependable supply of nuclear fuel, ENEC enhances its energy security, allowing for the uninterrupted provision of 24/7 carbon-free power to businesses, industries, and households across the UAE. As His Excellency Mohamed Al Hammadi, Managing Director and CEO of ENEC, articulated, diversification is vital for delivering safe, clean, and reliable electricity to support the sustainable growth of the UAE's economy. 

A Legacy of Excellence: Framatome's Contributions 

Framatome's commitment to excellence is further underscored by its impressive track record. The fuel assemblies for the Barakah Plant will be fabricated at Framatome's state-of-the-art manufacturing facility in Richland, USA. This facility has earned the highest rating from the U.S. Nuclear Regulatory Commission under its Licensee Performance Review for an astounding 18 consecutive years. With over 40 years of extensive experience in fabricating fuel for Combustion Engineering design reactors like Barakah, Framatome has successfully supplied more than 6,000 fuel assemblies of this type, ensuring the highest safety and performance standards.

Moreover, Framatome will provide essential engineering support services from its U.S. headquarters in Lynchburg, Virginia. This multifaceted approach not only enhances the operational capabilities of ENEC but also reinforces Barakah as a global model for operational excellence in clean energy generation. As Grégoire Ponchon, CEO at Framatome, stated, “We are proud to provide our advanced fuel to ENEC, ensuring security of the supply and meeting the UAE's clean energy goals.” 

The collaboration between Framatome and ENEC marks a pivotal moment in the UAE's journey towards sustainable energy. By leveraging Framatome's technological expertise and commitment to quality, the Barakah Nuclear Energy Plant is poised to continue its role as a cornerstone of the UAE’s energy landscape, powering the nation’s future with clean, reliable, and carbon-free energy solutions.

Foresight for Tomorrow: The Transformative Vision of Expo 2030 in Riyadh

A Milestone Project for Saudi Arabia's Future

In a significant development, Bechtel has been appointed as the project management consultant (PMC) for the highly anticipated Expo 2030 in Riyadh, Saudi Arabia. This major global event, held every five years in a different host country, is set to embody the theme "Foresight for Tomorrow." The Expo aims to align with the Kingdom's Vision 2030 roadmap, which emphasizes the creation of a vibrant society, a thriving economy, and an ambitious future. Given its scale and significance, Expo 2030 Riyadh is poised to become one of the most monumental events of the year.

Anticipation surrounds the event, which will unite over 195 countries, 29 international organizations, and a myriad of unofficial participants. Organizers project that approximately 42 million visitors will flock to the event, marking a historic gathering that showcases global collaboration. According to Darren Mort, president of Bechtel's Infrastructure business, "The Expo 2030 Riyadh will highlight Saudi Arabia's remarkable transformation since the launch of the Saudi Vision 2030 in 2016." This statement underscores the importance of the Expo as a platform for showcasing the Kingdom's progress across economic, social, and cultural sectors.

Infrastructure Development and Sustainable Urban Transformation

Bechtel's role in overseeing the delivery of the infrastructure program across the six-square-kilometer site is pivotal. The company will manage essential components such as early works, utilities, roads, and the public realm, ensuring a seamless experience for both exhibitors and visitors. Furthermore, after the six-month event concludes, Bechtel will facilitate the transformation of the site into a sustainable urban development. This forward-thinking approach positions the area as a continuing hub for green innovation, cultural celebration, and commerce.

The masterplan for Expo 2030 Riyadh reflects the Kingdom of Saudi Arabia's unwavering commitment to long-term development. It incorporates international sustainability standards across various initiatives, including tree planting and reforestation, water treatment, and renewable energy sources. By focusing on sustainability and innovation, Expo 2030 aims to create a lasting legacy that will benefit future generations.

Expo 2030 in Riyadh is not just an event; it is a powerful catalyst for change and a testament to Saudi Arabia's ambitious vision for the future. As the world turns its eyes toward this remarkable gathering, it is clear that the Kingdom is ready to showcase its transformative journey and engage in meaningful dialogue about sustainability, innovation, and global collaboration. For more information about Bechtel's Infrastructure business and its role in shaping this event, please visit bechtel.com.