Iraq Agrees To Hold 30% In TotalEnergies' $27 Billion Iraqi Project

The Iraqi government has agreed to have 30% in a major $27-billion project to be developed by supermajor TotalEnergies in Iraq, down from the 40% stake Baghdad had wanted previously, industry sources told Reuters on Tuesday. In September 2021, TotalEnergies signed multi-energy agreements in Iraq for the construction of a new gas network and treatment units, the construction of a large-scale seawater treatment unit, and the construction of a 1 gigawatt (GW) photovoltaic power plant in the southern Iraqi region of Basra. TotalEnergies signed the…