France’s TotalEnergies signs $27bn oil, gas, solar deal in Iraq ...Qatar

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France’s TotalEnergies signs $27bn oil, gas, solar deal in Iraq
source : Gulf Times ( Qatar ) () 17
French giant TotalEnergies signed a $27bn contract to invest in oil, gas and solar production in Iraq on Sunday, as the country faces an acute energy crisis. The announcement of the deal, supposed in part to reduce Iraq’s reliance on fossil fuels, came as Oil Minister Ihsan Ismail signed the contract at a Baghdad ceremony with TotalEnergies chief Patrick Pouyanne. TotalEnergies has not directly confirmed to AFP the value or duration of the contract, which was signed after months of negotiations and several visits by Pouyanne. But the French major plans initially to invest $10bn in infrastructure, the proceeds of which will then allow a second round of investments of $17bn, the officials sai

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