TotalEnergies Pushes Ahead With Iraq Megadeal Despite Huge Risks ...Middle East

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TotalEnergies Pushes Ahead With Iraq Megadeal Despite Huge Risks
source : OILPRICE ( Middle East ) () 43
The on-off-on-off US$27 billion four-pronged megadeal between TotalEnergies and the Federal Government of Iraq appears to be back on again, although it is not quite the deal that the French oil and gas supermajor first had in mind. Since Russia’s invasion of Ukraine in February 2022, TotalEnergies, along with Italy’s Eni and the UK’s BP and Shell, have been key to Europe’s attempts to secure new energy supplies to substitute for those lost from Russia as a result of new sanctions against it. Balanced against this need to…

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