Iraq, TotalEnergies sign agreement for delayed $10 billion deal
- Date: 11-Jul-2023
- Source: Jordan Times
- Sector:Real Estate
- Country:Qatar
Iraq, TotalEnergies sign agreement for delayed $10 billion deal
BAGHDAD — Iraq on Monday signed agreements with TotalEnergies for a $10 billion set of projects that aim to improve the country's electricity supply through capturing flared gas and harnessing solar energy.
The deal, originally unveiled in 2021 but delayed by disagreements over the terms, was signed by TotalEnergies CEO Patrick Pouyanne and Iraq's Oil Minister Hayan Abdel Ghani at a ceremony held at Iraq's Ministry of Oil headquarters in Baghdad after lengthy negotiations.
"Today, we commit with Total and all partners to serious and fruitful cooperation to begin implementing these contracts in the field," said Abdel Ghani during a speech before the signing of the four projects.
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