By John Lee. The US President has welcomed the finalization of Iraq's Gas Growth Integrated Project (GGIP) with French firm TotalEnergies. In a statement, the White House said the project is a major step towards energy self-sufficiency and meeting its climate goals. Full statement from the White House: We welcome the finalization of Iraq's unprecedented […]
By Irina Slav for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Inks Long-Awaited $27 Billion Energy Deal With TotalEnergies The government of Iraq and TotalEnergies have signed a long-awaited deal worth $27 billion that should see Iraq's oil production grow […]
By John Lee. The Iraqi Ministry of Oil has signed four contracts, reportedly worth a total of $27 billion, with the French company TotalEnergies. The contracts cover a range of projects, including the development of the Ratawi [sometimes called Artawi] oil field, the construction of a 1GW solar power plant, and the transportation of seawater […]
By John Lee. Iraq's Minister of Electricity, Ziad Ali Fadel, held a meeting with TotalEnergies' Director for renewable energy affairs in Iraq, Mr. Khaled Al-Abdali, to discuss the company's procedures for the construction of a 1,000-megawatt solar power station at the Ratawi [Artawi] oil field in Basra. The meeting was attended by the Director General […]
By John Lee. Canadian oil development and exploration company ShaMaran Petroleum has announced the appointment of Garrett Soden as President and Chief Executive Officer (CEO), to replace Dr. Adel Chaouch effective immediately. Mr. Soden will also join ShaMaran's board of directors. According to a statement from the company, Mr Soden has extensive experience as a […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq to achieve gas self-sufficiency within 3-5 years: Sudani Iraqi Prime Minister Mohammed Shia' al-Sudani on Wednesday said that gas projects and an agreement with French energy giant TotalEnergies will make the country self-sufficient […]
By John Lee. Iraq's Minister of Oil, Ihsan Abdul-Jabbar Ismail, recently met with Laurent Vivier, the director of the French company TotalEnergies in the Middle East and North Africa, and Donia Chalabi, the director of the company's branch in Iraq, to discuss prospects for cooperation. The meeting focused on the follow-up of joint efforts to […]
Statement from US National Security Advisor Jake Sullivan Welcoming Developments in Iraq's Energy Sector We welcome significant progress in Iraq this week with respect to energy deals that further strengthen Iraq's sovereignty, independence, and economic prosperity. First, the Government of Iraq and the Kurdistan Regional Government reached a historic agreement on the export of oil […]
By John Lee. TotalEnergies has confirmed that it will proceed with the Gas Growth Integrated Project (GGIP) in Iraq. In a statement to the markets on Wednesday, it added that QatarEnergy to take a 25-percent stake in the project. Also, in agreement with Iraqi authorities, TotalEnergies will invite the Saudi company ACWA Power to join […]
By John Lee. The Iraqi Cabinet has agreed to approve the contract for TotalEnergies' integrated gas development project with some amendments, as follows: The government's participation will be amended from 40 percent to 30 percent in accordance with Cabinet Resolutions (361 and 480 of 2021) to facilitate the signing of related agreements and resolve the […]
By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. China Makes Big Moves To Secure Iraqi Oil Whilst the U.S. and its allies appear to be taking a subtle approach to advancing their remaining interests in Iraq, as hinted […]
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 […]
