Total has agreed in principle to invest in major Iraqi oil and gas developments, providing some welcome relief for Prime Minister Mustafa Al-Kadhimi’s government. The French major’s move was interpreted as signalling that Iraq could mobilise serious western investment to reduce dependence on Iranian energy imports and overcome its poor record of gas-flaring – allowing combined cycle power plants that operate below capacity to replace electricity imported from the Islamic Republic.
Subscribe to Gulf States Newsletter
Sign up for an account to gain:
Gulf States Newsletter is a brand of
