The United States on Tuesday welcomed Iraq's oil, gas and renewables deal with French oil major TotalEnergies , which was signed a day earlier.
Patrick Pouyanne, Chairman and CEO of TotalEnergies, walks at a signing ceremony of the Gas Growth Integrated Project in Baghdad, Iraq, July 10, 2023. REUTERS/Thaier Al-SudaniWASHINGTON, July 11 - The United States on Tuesday welcomed Iraq's oil, gas and renewables deal with French oil major TotalEnergiessigned a long-delayed $27 billion energy deal
"Formally signed this week, this massive deal, which will include participation from regional and American companies, is a major step towards both establishing Iraq's energy self-sufficiency and meeting its climate goals," White House national security adviser Jake Sullivan said in a statement. Initially signed in 2021, the deal had faced delays amid disputes between Iraqi politicians over the terms, but was finally closed in April when Iraq agreed to take a smaller than initially demanded stake in the project of 30%. TotalEnergies took a 45% stake and QatarEnergy holds the remaining 25%.
TotalEnergies Chairman and CEO Patrick Pouyanne signed the deal on Monday with Iraqi oil minister Hayan Abdel-Ghani. He said the project would break ground this summer and would see an investment of $10 billion over the next four years.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Iraq, TotalEnergies sign $27 bln energy dealThe long-awaited energy deal focuses on enhancing oil production and expanding power generation, marking a significant milestone for the country's energy sector.
Leer más »
Iraq, TotalEnergies sign massive oil, gas, renewables dealIraq and French oil major TotalEnergies on Monday signed a long-delayed $27 billion energy deal that aims to increase oil production and boost the country's capacity to produce energy with four oil, gas and renewables projects.
Leer más »
Iran Looking to Replace Dollar With Dinar in $10 Billion Trade With Iraq – News Bitcoin NewsIran considers employing the Iraqi dinar in bilateral trade with Iraq in a bid to further curtail the dominance of the U.S. dollar.
Leer más »
After War, Iraq Now Faces the Climate EmergencyThe United Nations has now declared oil-rich Iraq, the land on which the Bush administration bet the future of our own country, to be the fifth most vulnerable to climate breakdown among its 193 member states.
Leer más »
Iraq's ancient sites, fragile stability spur new trickle of touristsWhen Jacob Nemec's family heard he was planning to go on holiday in Iraq, they pleaded with the 28-year-old American to reconsider.
Leer más »
After War, Iraq Now Faces the Climate EmergencyThanks at least in part to human-caused climate change, the Tigris and its companion river, the Euphrates, on which Iraqis still so desperately depend, have seen alarmingly low water flow in recent years, writes jricole of Iraq's climate crisis.
Leer más »