Iraq and TotalEnergies seal a historic $27 billion energy agreement, aiming to bolster oil production and enhance power capacity through ambitious projects
TotalEnergies Chairman and CEO signed the agreement with Iraqi oil minister. / Photo: Reuters
The deal had been signed in 2021, with an initial investment of $10 billion in southern Iraq over 25 years, but it was delayed amid disputes between Iraqi politicians over terms. The deal was closed in April, when Iraq agreed to take a smaller than initially demanded stake in the project of 30 percent, with TotalEnergies taking a 45 percent stake and QatarEnergy holding the remaining 25 percent.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Abducted Princeton Student’s Friends Warn ‘Lies’ Could Get Her KilledSources who spoke with The Daily Beast said they were “appalled” by the flurry of attacks on Elizabeth Tsurkov, a 36-year-old researcher kidnapped in Iraq.
Read more »
'Omega Power Level': Which Superheroes Share Superman's Official Power LevelSuperman is one of DC's strongest heroes, and a couple of members of the Legion of Super-Heroes rival his power - including one nobody remembers.
Read more »
‘Citizen Saint’ Review: A Nightmarishly Handsome Allegory for the Destructive Power of FaithThere is an old joke about a pious man stranded on a desert island. As he prays for divine deliverance, a ship arrives, but he sends it away, saying, “God will save me.” Ditto a helicop…
Read more »
Solar, wind energy keeping Texas power grids running amid weekslong heat waveGreen energy is helping to keep the Texas power grids alive amid a weeks-long heat wave that has left power usage at an all-time high.
Read more »
Tandem cells using perovskites and silicon make solar power more efficient and affordableResearch into 'miracle material' perovskite in the past decade is now bearing fruit with more labs crossing the 30 percent barrier for solar cells.
Read more »
What could happen if Russia blows up the Zaporizhzhia Nuclear Power Plant?Ukrainian officials have been issuing warnings that Russia plans to blow up the Zaporizhzhia Nuclear Power Plant — the largest nuclear plant in Europe — for months, but those warnings have escalated in recent days.
Read more »