Patrick Pouyanne, CEO of TotalEnergies, stated on Sunday that the company intends to finish the initial phases of solar power and gas projects in Iraq in 2025.
Pouyanne’s comments occurred his gathering with the Iraqi Top state leader, Mohammed Shia Al-Sudani, uninvolved of their cooperation On the planet Monetary Discussion held in the Saudi capital, Riyadh, as per an assertion delivered by the State leader’s Office (PMO).
According to Pouyanne, the first phase of TotalEnergies’ associated gas project in Iraq will produce 50 million cubic feet of the planned 300 million cubic feet of gas.
TotalEnergies and the Iraqi government reached a $27 billion energy agreement in July to boost Iraq’s energy production capacity through oil, gas, and renewable energy projects.
The most important of the projects are the Gas Growth Integrated Project (GGIP), which aims to recover flared gas from various oilfields, the use of seawater to support oil extraction, and the development of a one-gigawatt solar power plant to supply electricity to southern Iraq.
The agreement was signed in 2021 to build four oil, gas, and renewable energy projects in southern Iraq with an initial investment of $10 billion over 25 years. However, the agreement was hampered by a number of setbacks and disagreements among Iraqi politicians over the terms.
TotalEnergies President consented to the arrangement with the Iraqi Pastor of Oil, Hayan Abdel-Ghani, at a function held in Baghdad, where Pouyanne depicted the occasion as a ‘memorable day.’
The Chief General for Studies and Arranging at the Iraqi Oil Service, Naseer Aziz Jabbar, made sense of that energy projects did by TotalEnergies in Iraq will be finished in 2028 and 2029.
