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TotalEnergies and Iraq signed a $27 billion contract for the purpose of enhancing oil production. Iraq will own 30% of the project, Total Energies will own 45%, while QatarEnergy will have 25% ownership. There is an initial $10 billion dollar investment that will be dedicated to the Gas Growth Integrated Project and the creation of a seawater treatment plant.

Iraq and TotalEnergies sign deal for $27bn worth of energy projects

TotalEnergies and Iraq signed a $27 billion contract for the purpose of enhancing oil production. Iraq will own 30% of the project, Total Energies will own 45%, while QatarEnergy will have 25% ownership. There is an initial $10 billion dollar investment that will be dedicated to the Gas Growth Integrated Project and the creation of a seawater treatment plant.

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