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Iraq signs joint operating agreement with France TotalEnergies and QatarEnergy LNG

Iraq signs joint operating agreement with France TotalEnergies and QatarEnergy LNG

The Iraqi Prime Minister's Office announced on Sunday that the Iraqi oil ministry had signed a joint operating agreement with France TotalEnergies and QatarEnergy LNG, as well as Iraq's Basra Oil Company.

This deal relates to the operation of Artawi Oilfield as part of Gas Growth Integrated Project.

The GGIP is an initiative by QatarEnergy and TotalEnergies in collaboration with Basra Oil Company. It aims to improve Iraq’s electricity supply. The GGIP also includes renewable energy project.

QatarEnergy released a statement shortly afterwards, stating that the CEO of the company and State Minister for Energy Saad al-Kaabi had met with Iraqi Prime Minster Mohammed Shia al-Sudani on Sunday and TotalEnergies' CEO Patrick Pouyanne to announce the beginning of construction of phase two of the Artawi Oil Field Development Project and the Common Seawater Supply Project.

According to a Qatari press release, the CSSP will process and transport up to 5 million barrels per day of seawater to the main oilfields in southern Iraq.

TotalEnergies and ENKA Construction, a Turkish company, signed a separate deal to build a central oil-and-gas processing facility in Iraq. The facility will have a daily capacity of 210,000 barrels and 163 millions standard cubic feet.

TotalEnergies signed a deal with China's Petroleum Engineering & Construction Corp to build a plant for gas processing in southern Iraq. The plant will have a capacity of 600,000,000 standard cubic feet/day.

The French company has also signed a contract with Hyundai Engineering and Construction of South Korea to build a seawater-treatment plant in southern Iraq, with a capacity of 7.5 millions barrels per day.

Sudani made a statement at the event to welcome the increase in foreign investment.

(source: Reuters)