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QatarEnergy has agreed to buy a 25% stake in Iraq’s Gas Growth Integrated Project, which was launched by TotalEnergies in 2021. The project aims to treat seawater for injection into oil reservoirs to boost production and to develop facilities to recover natural gas from flares in several oil fields in southern Iraq. The World Bank estimates that Iraq flares nearly 18 billion cubic meters of gas a year, a volume that, if recaptured, could be worth more than $2 billion.

QatarEnergy to acquire 25% stake in major Iraqi gas project

QatarEnergy has agreed to buy a 25% stake in Iraq’s Gas Growth Integrated Project, which was launched by TotalEnergies in 2021. The project aims to treat seawater for injection into oil reservoirs to boost production and to develop facilities to recover natural gas from flares in several oil fields in southern Iraq. The World Bank estimates that Iraq flares nearly 18 billion cubic meters of gas a year, a volume that, if recaptured, could be worth more than $2 billion.


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