Iraq, TotalEnergies sign massive oil, gas, renewables deal – Reuters

Iraq, TotalEnergies sign massive oil, gas, renewables deal – Reuters

BAGHDAD, July 10 (Reuters) - Iraq and French oil major TotalEnergies (TTEF.PA) on Monday signed a long-delayed $27 billion agreement to build four oil, gas and renewables projects.

The deal was signed in 2021 with an initial investment of $10 billion in southern Iraq over 25 years, but it was delayed amid disputes between Iraqi politicians over terms.

Reporting by Maher Nazeh in Baghdad and Nadine Awadalla in Dubai; Editing by Nayera Abdallah