Total agrees in principle to major new role in Iraqi gas and solar

Issue 1123 - 08 Apr 2021

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.

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