Iraq makes breakthrough in talks for oil, gas, water, solar project with TotalEnergies [Gas in Transition]

Iraq makes breakthrough in talks for oil, gas, water, solar project with TotalEnergies [Gas in Transition]

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Natural Gas News
Iraq makes breakthrough in talks for oil, gas, water, solar project with TotalEnergies [Gas in Transition]

Summary

Iraq is the second-biggest gas flarer in the world, but this resource can be harnessed to bolster the country’s energy security. [Gas in Transition, Volume 3, Issue 4] by: NGW

After almost two years of negotiations, a major Iraqi oil, gas, solar and water supply project looks set to make headway, after the government in Baghdad agreed this month to take a smaller stake in the TotalEnergies-led venture. TotalEnergies signed a 25-year development and production contract for the enterprise, called the Gas Growth Integrated Project (GGIP), in 2021, but finalising the deal was held up by Iraqi political disagreement. TotalEnergies had been vying for a majority stake in the project, while the Iraqi government had been pushing for 40%. But this month Baghdad agreed to take only 30%, held via the state-owned Basrah Oil Company. TotalEnergies will take a 45%...

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Natural Gas & LNG News, Middle East, Insights, Premium, Gas In Transition Articles, Vol 3, Issue 4, Iraq