TotalEnergies brings in QatarEnergy to unlock Iraq deal
TotalEnergies brings in QatarEnergy to unlock Iraq deal
TotalEnergies and Iraq have reached an agreement that will allow their gas project to go ahead, while bringing in QatarEnergy (QE).
The Basrah Oil Co. (BOC) will have a 30% stake in the Gas Growth Integrated Project (GGIP), Total said today, while QE will take 25%. The French company will hold the remaining 45%.
Total said it welcomed the presence of Iraq in the development and production contract. The agreement is a “strong and positive signal for foreign investment in the country”.
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