Total Energy Secures $27 Billion Investment Deal in Iraq’s Oil and Gas Sector
Iraq’s Total Energy has finalized a landmark 30-year agreement valued at $27 billion in the oil and gas sector. Dunya Chalabi, the company’s director in Iraq, outlined the strategic nature of this deal, which includes provisions for capturing gas from oil fields and refining liquefied gas to fuel power plants.
The deal also encompasses the generation of 1,000 megawatts of electricity derived from solar energy, to be implemented in four stages, producing 250 megawatts of clean energy during each phase.
Key Insights from Dunya Chalabi
Value of the Contract:
Dunya Chalabi clarified, “It is essential to differentiate between two figures: the $27 billion represents the total investment and operational costs over 30 years, while $10 billion pertains to expenses during the initial investment phase.”
Implementation Timeline:
Current Projects Under Development:
Impact on Iraq’s Energy Needs:
Qatar Energy’s Involvement:
Desalination Efforts:
Environmental Commitments:
Concerns Regarding Investment Risks:
Job Creation Potential:
Focus on Gender Equality:
Challenges and Coordination of Projects:
Project Schedule:
As Total Energy moves forward with these initiatives, they remain focused on sustainability and compliance with local and international energy standards.
