On Tuesday, the Iraqi Ministry of Oil confirmed that TotalEnergies projects will offer large production capacities and stop gas flaring in five oilfields in Iraq.
The Undersecretary of the Ministry of Oil for Extraction Affairs, Bassem Khudair, informed the INA that TotalEnergies is currently involved in four major projects in the oil and gas sectors.
Khudair explained that there are four projects in progress. These projects include the following:
- The development of the Artawi oilfield to increase its production capacity.
- The use of seawater to support oil extraction operations.
- The Gas Growth Integrated Project (GGIP) aims to recover flared gas in different oilfields.
- The development of a 1-gigawatt solar power plant to supply southern Iraq with electricity.
In July, TotalEnergies signed a $27 billion energy deal with the Iraqi government to increase Iraq’s capacity to produce energy through oil, gas, and renewable energy projects, according to Reuters.
In 2021, a deal was signed to construct four energy projects in southern Iraq, including oil, gas, and renewable energy, with an initial investment of $10 billion. However, disputes between Iraqi politicians over the terms have caused several setbacks, hindering the deal’s progress over the past 25 years.
TotalEnergies CEO Patrick Pouyanne signed an agreement with the Iraqi Minister of Oil, Hayan Abdel-Ghani, at a ceremony held in Baghdad. Pouyanne described the event as a historic day.
The Director General for Studies and Planning at the Iraqi Oil Ministry, Naseer Aziz Jabbar, stated that TotalEnergies’ energy projects in Iraq will be completed by 2028 and 2029.
