TotalEnergies Begins Work On Delayed $27B Energy Project In Iraq

French oil and gas company TotalEnergies (NYSE:TTE) has begun building a gas processing facility in Iraq, the first stage of a massive multi-energy project. ArtawiGas25 will process 50 million cubic feet of gas per day from the Ratawi field, enough to supply local plants to power 200,000 households in the Basra region. Back in May, TotalEnergies reached an agreement with the government of Iraq to start working on the delayed $27 billion energy project. Total first signed a deal with the Iraqi government in 2021 that would see Total build four oil,…