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Qatar is in talks to acquire a stake from French company TotalEnergies’ $27 billion cluster of energy projects in Iraq as Baghdad hopes to stem efforts by Western energy companies to exit the country. QatarEnergy is looking to acquire a stake of around 30% in the project. A major investment by a Gulf state would mark an important win for Iraqi Prime Minister Mohammed al-Sudani, who took office last October following more than a year of political turmoil, and would also be considered a step towards countering Iranian influence.

Qatar in talks to join TotalEnergies’ $27 billion Iraqi energy project

Qatar is in talks to acquire a stake from French company TotalEnergies’ $27 billion cluster of energy projects in Iraq as Baghdad hopes to stem efforts by Western energy companies to exit the country. QatarEnergy is looking to acquire a stake of around 30% in the project. A major investment by a Gulf state would mark an important win for Iraqi Prime Minister Mohammed al-Sudani, who took office last October following more than a year of political turmoil, and would also be considered a step towards countering Iranian influence.

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