Iraqi PM confirms Iraq’s seriousness to benefit from associated gas
The Iraqi Prime Minister, Mohammed Shia Al-Sudani, the CEO of TotalEnergies, Patrick Pouyanne, and officials from both sides. Photo: PMO
Baghdad (IraqiNews.com) – The Iraqi Prime Minister, Mohammed Shia Al-Sudani, received on Monday the CEO of TotalEnergies, Patrick Pouyanne, where they discussed cooperation between Iraq and the French company after concluding a $27 billion energy deal, according to a statement issued by the Prime Minister’s office.
Al-Sudani stressed that the Iraqi government progressed immensely with commitments to reach this stage, pointing out that the contract concluded with TotalEnergies is a representation of the strategic vision to benefit from the associated gas, which Iraq delayed taking advantage of.
The Iraqi Prime Minister renewed the government’s intention to conclude serious partnerships with large companies in terms of taking advantage of Iraq’s natural resources, especially the associated gas.
Pouyanne noted that TotalEnergies is expanding its cooperation with Iraq. He also talked about the company’s confidence in the partnership in the energy sector in Iraq and investing in this promising sector.
The CEO of TotalEnergies also emphasized that the company’s teams will begin their work in Iraq within days.
Earlier on Monday, Pouyanne and the Iraqi Minister of Oil, Hayan Abdul-Ghani, signed the long-awaited $27 billion energy deal expected to increase oil production and Iraq’s capacity to produce energy through four oil, gas and renewable energy projects.
The first of these projects involves the use of seawater to support oil extraction operations.
The second project is the Gas Growth Integrated Project (GGIP), which aims to improve Iraq’s electricity supply by recovering flared gas at three oilfields and using the gas to supply power plants, helping to reduce the country’s import bill, according to Reuters.
The third project is to develop the Artawi oilfield, which produces one of the best fuels in the region, to increase its production capacity to more than 210,000 barrels per day.
The fourth project is to develop a 1-gigawatt solar power plant to supply southern Iraq with electricity.