Total’s $27 billion Iraq project expected to begin in two weeks, oil minister says – Reuters
- Date: 04-May-2023
- Source: Reuters
- Sector:Real Estate
- Country:Qatar
Total’s $27 billion Iraq project expected to begin in two weeks, oil minister says – Reuters
BAGHDAD, May 3 (Reuters) - Iraq and TotalEnergies (TTEF.PA) expect to kick-start a long-delayed $27 billion project within the next two weeks, Iraq's oil minister Hayan Abdel-Ghani said on Wednesday.
Abdel-Ghani said at a conference in Baghdad he expected five side agreements related to the deal to be signed in the next two weeks, paving the way for implementation to commence.
The deal was signed in 2021 for TotalEnergies to build four oil, gas and renewables projects with an initial investment of $10 billion in southern Iraq over 25 years, but it was delayed amid disputes between Iraqi politicians over terms.
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