Iraq, TotalEnergies, QatarEnergy Sign Joint Energy Deal

Iraq's Ministry of Oil, in collaboration with France's TotalEnergies, QatarEnergy LNG, and Iraq's Basra Oil Company, has signed a joint operation agreement for the Artawi oilfield. This agreement is a component of the larger Gas Growth Integrated Project (GGIP), an initiative confirmed by the Iraqi prime minister's office. The GGIP represents a strategic partnership designed to enhance Iraq's electricity supply. Its core objectives involve capturing flared natural gas from three oilfields to fuel power plants, consequently reducing the nation's reliance on imported energy. The broader initiative also encompasses renewable energy development. In conjunction with the oilfield agreement, the partners announced the commencement of construction for the second phase of the Artawi oil field development and the Common Seawater Supply Project. Additionally, TotalEnergies secured several related contracts: an agreement with Turkey's ENKA for the establishment of a central processing facility, a contract with China's Petroleum Engineering & Construction Corp for a gas processing plant, and a deal with South Korea's Hyundai Engineering and Construction to build a seawater treatment plant.