Qatar in negotiations to invest in TotalEnergies’ Iraqi projects

Baghdad (IraqiNews.com) – According to sources cited by Reuters, Qatar is in negotiations to acquire a share in the $27 billion cluster of energy projects in Iraq owned by the French multi-energy business TotalEnergies.

The Qatari investment is anticipated to help Iraqi Prime Minister Mohammed Al-Sudani, who was elected last year following a protracted period of political unrest, achieve a significant triumph.

TotalEnergies has been exploring for and producing oil and gas in Iraq for over one  hundred years. The company presently has a 22.5% share in the Halfaya oil field.

Furthermore, TotalEnergies is currently building new gas network and treatment facilities, a 1 GW solar power project,

Significant multi-energy contracts that the French company has won in Iraq include the building of a new gas network and treatment facilities, a sizeable saltwater treatment facility, and a saltwater treatment facility. The French company is also building a 1 GW solar power project in Artawi, near the southern port of Basra, Iraq.