TotalEnergies to complete energy projects in Iraq by 2029
The gas field of Siba in Basra , Iraq. Photo: Reuters
Baghdad (IraqiNews.com) – The Director General for Studies and Planning at the Iraqi Oil Ministry, Naseer Aziz Jabbar, explained on Monday that energy projects carried out by TotalEnergies in Iraq will be completed in 2028 and 2029, the Iraqi News Agency (INA) reported.
TotalEnergies signed last week a $27 billion energy deal expected to increase oil production and Iraq’s capacity to produce energy through four major oil, gas and renewable energy projects, according to Reuters.
Jabbar illustrated that gas projects will help Iraq produce 300 million cubic feet of gas after the completion of the first phase and will reach a production capacity of 600 million cubic feet after the second phase is completed.
The Iraqi official elaborated that the government’s share in these projects is $1.4 billion.
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.