French energy firm TotalEnergies announced Wednesday an agreement with Iraq on a long-delayed $10 billion project to improve the country's rundown electricity grid after resolving disputes over the terms of the deal. The contract - which includes investments in oil, gas and solar production - was signed in September 2021 but a new government took office in Iraq last year and its demands did not please TotalEnergies. Baghdad sought a 40-percent stake in the Gas Growth Integrated Project (GGIP), but Iraqi officials said in February that TotalEnergies wanted Iraq to have a smaller stake. Iraq's cabinet said in a statement late Tuesday that it had accepted to reduce its d
Hence then, the article about totalenergies iraq agree on delayed electricity project was published today ( ) and is available onThe New Arab ( Kuwait ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( TotalEnergies, Iraq agree on delayed electricity project )