Iraq, TotalEnergies sign $27 bln energy deal

4 months ago

Iraq and French oil major TotalEnergies has signed a long-delayed $27 billion energy deal that aims increase oil production and boost the country's capacity to produce power with four oil, gas and renewables projects. 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