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The head of Iraq's Basra Oil Company (BOC) expects Qatar to acquire a 20-25% stake in TotalEnergies' $27 billion cluster of energy projects in the country, with the Baghdad government aiming to hold around 40%. Although talks are still ongoing, the major investment from a Gulf State is considered to be a step towards countering Iranian influence within Iraq.

Basra Oil Company head expects Qatar to take 20-25% stake in TotalEnergies’ Iraq project

The head of Iraq’s Basra Oil Company (BOC) expects Qatar to acquire a 20-25% stake in TotalEnergies’ $27 billion cluster of energy projects in the country, with the Baghdad government aiming to hold around 40%. Although talks are still ongoing, the major investment from a Gulf State is considered to be a step towards countering Iranian influence within Iraq.

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