TotalEnergies Splurges $27 Billion On Iraqi Oil And Solar Projects ...Middle East

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TotalEnergies Splurges $27 Billion On Iraqi Oil And Solar Projects
source : OILPRICE ( Middle East ) () 8
TotalEnergies has inked a deal with the Iraqi government to invest $27 billion in the country's energy industry over 15 years, the Wall Street Journal has reported, citing unnamed sources familiar with the deal. According to the WSJ's sources, among the projects considered would be a seawater injection project aimed at boosting the rate of oil recovery at several fields in southern Iraq as well as a solar farm project. The initial sum TotalEnergies will invest in Iraq is $10 billion. These projects should help improve Iraq's highly unreliable electricity…

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