TotalEnergies "Pulls Staff from Iraq"

By John Lee.

TotalEnergies is reportedly pulling its foreign staff out of Iraq as it struggles to finalise a deal with Baghdad for its $27-billion package of energy projects.

According to Reuters, the negotiations have stalled over a demand from Iraq for a 40-percent share in the projects.

The head of the Basra Oil Company (BOC) told the news agency that he expects Qatar to acquire a 20- to 25-percent stake in the project.

More here and here.

(Source: Reuters)

Related posts:

Pertamina to Increase Holding in West Qurna 1 TotalEnergies Re-affirms Commitment to Iraq Energy Projects Jiyad: Debating the TotalEnergies' Iraq Agreement