Energy Industry News

Iraq, TotalEnergies sign massive oil, gas, renewables deal

  • 📰 Reuters
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

United Kingdom United Kingdom Headlines News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Iraq and French oil major TotalEnergies on Monday signed a long-delayed $27 billion energy deal that aims to increase oil production and boost the country's capacity to produce energy with four oil, gas and renewables projects.

TotalEnergies took a 45% stake and QatarEnergy holds the remaining 25%.

"This is the starting day, and we'll deliver the projects in the next four years for the benefit of everybody in Iraq," he said. The logo of French oil and gas company TotalEnergies is seen on an oil tank at TotalEnergies fuel depot in Mardyck near Dunkirk, France, January 16, 2023. REUTERS/Benoit Tessier/File Photo

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Iraq, TotalEnergies sign $27 bln energy dealThe long-awaited energy deal focuses on enhancing oil production and expanding power generation, marking a significant milestone for the country's energy sector.
Source: trtworld - 🏆 101. / 63 Read more »