Top 10 firms profiting from Iraq
Independent Online Edition > Business Analysis & Features: "Top 10 firms profiting from Iraq
Published: 13 March 2006
1. AMEC £500m
It is a global project management company specialising in the oil and gas and engineering sectors. In Iraq, it is or has been: subcontractor on the $154m (£89m) Fluor contract to restore electrical power systems (February 2004); a joint contract with Fluor to 'provide design-build services for construction, rehabilitation, operation, and maintenance of power generation facilities' worth $500m from Usaid (March 2004); a joint contract with Fluor to 'provide design-build construction services for water resource projects' worth $500m and $600m from Usaid (March 2004); an unknown sum from a Centcom contract.
2. Aegis £246.5m+
It is perhaps the biggest UK success story in Iraq, having won the $430m Pentagon contract to oversee all private security operations. Yet Aegis has been rejected once for membership of the International Peace Operations Association, a trade association that prefers to style its sector the 'peace and stability industry'.
3. Erinys £86m+
Based in London, Erinys specialises in security for the petroleum, construction and mining industries. In Iraq, it has been responsible for the creation of an oil protection force. Between August 2003 and December 2004, Erinys Iraq trained, equipped and mobilised a 16,000-strong Iraqi guard force to protect the pipelines.
4. Petrel Resources (Anglo-Irish) £56.6m
It is a London and Dublin listed oil and gas exploration company, with current operations focused on Iraq where it is seeking licences to run three existing oil wells.
5. HSBC £36.88m
HSBC is the third biggest financial institution in the world. Has bought 70 per"
Published: 13 March 2006
1. AMEC £500m
It is a global project management company specialising in the oil and gas and engineering sectors. In Iraq, it is or has been: subcontractor on the $154m (£89m) Fluor contract to restore electrical power systems (February 2004); a joint contract with Fluor to 'provide design-build services for construction, rehabilitation, operation, and maintenance of power generation facilities' worth $500m from Usaid (March 2004); a joint contract with Fluor to 'provide design-build construction services for water resource projects' worth $500m and $600m from Usaid (March 2004); an unknown sum from a Centcom contract.
2. Aegis £246.5m+
It is perhaps the biggest UK success story in Iraq, having won the $430m Pentagon contract to oversee all private security operations. Yet Aegis has been rejected once for membership of the International Peace Operations Association, a trade association that prefers to style its sector the 'peace and stability industry'.
3. Erinys £86m+
Based in London, Erinys specialises in security for the petroleum, construction and mining industries. In Iraq, it has been responsible for the creation of an oil protection force. Between August 2003 and December 2004, Erinys Iraq trained, equipped and mobilised a 16,000-strong Iraqi guard force to protect the pipelines.
4. Petrel Resources (Anglo-Irish) £56.6m
It is a London and Dublin listed oil and gas exploration company, with current operations focused on Iraq where it is seeking licences to run three existing oil wells.
5. HSBC £36.88m
HSBC is the third biggest financial institution in the world. Has bought 70 per"
posted by Thaqalain | Tuesday, March 14, 2006
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