Connection

popular articles

Syria: Assad’s Fall Shakes Oil Markets Without Major Disruptions
The United States modernizes 90 miles of network with Great River Energy and Prisma Photonics
Thailand: Nine Illegal Bitcoin Mining Farms Shut Down for Massive Electricity Theft
Energy crisis in Ecuador: power cuts and major economic challenges
Air Liquide and WWF: new charter for sustainable biomethane production

Iraq: Agreement between the Iraqi government and TotalEnergies

TotalEnergies and the Iraqi government have confirmed the terms of the contract for the development and production of the GGIP project, with Basrah Oil Company holding 30% and QatarEnergy 25%. The $10 billion project aims to improve Iraq's electricity supply.

Please share:

Thanks to discussions over the past few months, in particular on four occasions between Prime Minister Al-Soudani and CEO Patrick Pouyanné, the Iraqi government and TotalEnergies have confirmed all the terms of the Development & Production Contract signed in 2021 and jointly defined the conditions and mutual assurances necessary to move forward on the GGIP (Gas Growth Integrated Project).

The Iraqi government and TotalEnergies have agreed on a 30% stake for Basrah Oil Company (BOC) in the GGIP project. In addition, in agreement with the Iraqi government, TotalEnergies has invited QatarEnergy to take a 25% stake in the project. The consortium will be composed of TotalEnergies (45%), Basrah Oil Company (30%) and QatarEnergy (25%).

TotalEnergies welcomes the continuity of the State of Iraq’s word on this contract, which sends a strong and positive signal for foreign investment in the country. Signed in September 2021, the GGIP project aims to develop Iraq’s natural resources to improve the country’s electricity supply. Under the agreements, TotalEnergies and its partners will invest approximately $10 billion (in 100%) to, among other things: recover flared gas from three oil fields to supply gas to power plants, build a seawater treatment plant to maintain oil field pressure and increase regional production.

In addition, TotalEnergies will develop a giant 1 GW solar power plant to supply the Basra region’s electricity grid. In agreement with the Iraqi authorities, TotalEnergies has invited the Saudi company ACWA Power to participate in this solar project.

*** About TotalEnergies TotalEnergies is a global multi-energy production and supply company: oil and biofuels, natural gas and green gas, renewables and electricity. Its more than 100,000 employees are committed to making energy ever more affordable, cleaner, more reliable and accessible to the greatest number of people. Present in more than 130 countries, TotalEnergies places sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of populations.

Register free of charge for uninterrupted access.

Publicite

Latest news

Evolution Petroleum acquires non-operated oil and natural gas assets in Texas, New Mexico, and Louisiana
The United States to impose tariffs on energy imports from Mexico and Canada
US LNG Exports to Europe Hit Record Levels in February 2025
China’s response to new US tariffs: exclusion of energy products, including LNG
North America’s energy emissions set to fall by 20% by 2030, says Wood Mackenzie

Recently published in

China’s response to new US tariffs: exclusion of energy products, including LNG

China has announced new fiscal measures in response to the increase in US customs duties, excluding energy products such as liquefied natural gas (LNG) from these measures.
Guyana protests Venezuelan military ship incursion into disputed oil zone
Guyana has expressed its protest following the incursion of a Venezuelan military ship into its waters near an oil block. The incident occurs amidst ongoing territorial tensions between the two nations.
en_1140290961540
Guyana protests Venezuelan military ship incursion into disputed oil zone
Guyana has expressed its protest following the incursion of a Venezuelan military ship into its waters near an oil block. The incident occurs amidst ongoing territorial tensions between the two nations.
en_1140290961540
Russia accuses Ukraine again of attacking the TurkStream pipeline
Russia has once again accused Ukraine of attacking the TurkStream pipeline with drones, marking the second attack in two months aimed at disrupting Russian gas deliveries to Europe.
en_1140290952540
Russia accuses Ukraine again of attacking the TurkStream pipeline
Russia has once again accused Ukraine of attacking the TurkStream pipeline with drones, marking the second attack in two months aimed at disrupting Russian gas deliveries to Europe.
en_1140290952540
The United States Delays Sanctions Against Serbian Oil Company NIS Controlled by Gazprom
Washington has granted a 30-day delay before imposing sanctions on NIS, Serbia's largest oil and gas company, majority-controlled by Russian Gazprom, as announced by Serbian President Aleksandar Vucic.
en_1140290953540-18
The United States Delays Sanctions Against Serbian Oil Company NIS Controlled by Gazprom
Washington has granted a 30-day delay before imposing sanctions on NIS, Serbia's largest oil and gas company, majority-controlled by Russian Gazprom, as announced by Serbian President Aleksandar Vucic.
en_1140290953540-18

France negotiates access to Ukrainian raw materials for its defence industry

France has been negotiating with Ukraine since October to secure access to strategic raw materials necessary for its defence industry. This move is part of a broader strategy to diversify supply sources.
Gabon and Equatorial Guinea launch their electricity interconnection
On 22 February, Gabon launched the first phase of its electricity interconnection project with Equatorial Guinea, aiming to import 10 MW of electricity for several Gabonese localities.
en_1140290944540-16
Gabon and Equatorial Guinea launch their electricity interconnection
On 22 February, Gabon launched the first phase of its electricity interconnection project with Equatorial Guinea, aiming to import 10 MW of electricity for several Gabonese localities.
en_1140290944540-16
The European Commission accelerates Ukraine’s energy integration
The European Commission announces a support plan to strengthen Ukraine’s energy security and fully integrate its electricity and gas markets with the European Union by 2027, in cooperation with Moldova.
en_1140290955540-16
The European Commission accelerates Ukraine’s energy integration
The European Commission announces a support plan to strengthen Ukraine’s energy security and fully integrate its electricity and gas markets with the European Union by 2027, in cooperation with Moldova.
en_1140290955540-16
Washington imposes new sanctions on Iranian oil
The U.S. government announced new sanctions targeting 22 individuals, companies, and 13 vessels accused of circumventing sanctions on Iranian oil, as part of its "maximum pressure" policy.
en_1140290958540-15
Washington imposes new sanctions on Iranian oil
The U.S. government announced new sanctions targeting 22 individuals, companies, and 13 vessels accused of circumventing sanctions on Iranian oil, as part of its "maximum pressure" policy.
en_1140290958540-15

Equatorial Guinea supplies 3 MW of electricity to Gabon to strengthen the northern grid

Gabon and Equatorial Guinea have interconnected their power grids, allowing the immediate import of 3 megawatts to supply northern Gabon, which has been facing persistent shortages.
The UK and Norway Strengthen Cooperation to Protect Submarine Infrastructure
Amid rising Russian threats, Norway and the UK will enhance their collaboration to safeguard their vital underwater infrastructure.
en_1140290953540-13
The UK and Norway Strengthen Cooperation to Protect Submarine Infrastructure
Amid rising Russian threats, Norway and the UK will enhance their collaboration to safeguard their vital underwater infrastructure.
en_1140290953540-13
Drone Attack in Russia Disrupts Caspian Pipeline Consortium Pipeline
A drone strike in Russia has forced the shutdown of a key pumping station on the Caspian Pipeline Consortium (CPC) pipeline, temporarily reducing its capacity to transport Kazakh oil to Europe. The incident comes amid heightened diplomatic tensions surrounding the Ukraine conflict.
en_1140290983540-2
Drone Attack in Russia Disrupts Caspian Pipeline Consortium Pipeline
A drone strike in Russia has forced the shutdown of a key pumping station on the Caspian Pipeline Consortium (CPC) pipeline, temporarily reducing its capacity to transport Kazakh oil to Europe. The incident comes amid heightened diplomatic tensions surrounding the Ukraine conflict.
en_1140290983540-2
The European Union Invests 500 Million Euros in Malawi’s Energy Sector
The European Union (EU) and the European Investment Bank (EIB) announce an investment framework exceeding 500 million euros to strengthen Malawi’s energy sector. This program aims to modernize infrastructure, improve electricity access, and support regional integration.
en_1140290965540
The European Union Invests 500 Million Euros in Malawi’s Energy Sector
The European Union (EU) and the European Investment Bank (EIB) announce an investment framework exceeding 500 million euros to strengthen Malawi’s energy sector. This program aims to modernize infrastructure, improve electricity access, and support regional integration.
en_1140290965540

France-India: Towards Strengthening Nuclear and Energy Partnership

Emmanuel Macron and Narendra Modi meet in Marseille to deepen their energy cooperation. The visit to the ITER nuclear fusion project and discussions on small modular reactors (SMRs) illustrate the ambition of a strategic collaboration between France and India.
Geopolitical tensions threaten the supply of critical minerals
Trade restrictions and the concentration of critical mineral supply expose supply chains to increasing risks. Despite a currently well-supplied market, the IEA warns of future shortages that could impact strategic industries.
en_1140290962540-5
Geopolitical tensions threaten the supply of critical minerals
Trade restrictions and the concentration of critical mineral supply expose supply chains to increasing risks. Despite a currently well-supplied market, the IEA warns of future shortages that could impact strategic industries.
en_1140290962540-5
Macron and Modi strengthen their energy and nuclear cooperation in Marseille
Emmanuel Macron and Narendra Modi will meet in Marseille on Wednesday to discuss trade exchanges, port infrastructure, and nuclear cooperation between France and India. The visit will include the Iter project and the development of small modular reactors (SMRs).
en_1140290944540-6
Macron and Modi strengthen their energy and nuclear cooperation in Marseille
Emmanuel Macron and Narendra Modi will meet in Marseille on Wednesday to discuss trade exchanges, port infrastructure, and nuclear cooperation between France and India. The visit will include the Iter project and the development of small modular reactors (SMRs).
en_1140290944540-6
Canada: A Minister Defends Energy Cooperation Between Canada and the United State
Discussions led by the Minister of Energy and Natural Resources in Washington focused on measures aiming to avoid potential tariffs and to strengthen North American energy security.
en_1140290957540-5
Canada: A Minister Defends Energy Cooperation Between Canada and the United State
Discussions led by the Minister of Energy and Natural Resources in Washington focused on measures aiming to avoid potential tariffs and to strengthen North American energy security.
en_1140290957540-5

Thailand Cuts Electricity Supply to Myanmar, Impact on Energy Flows

Thailand's decision to cut electricity supply to several Myanmar border towns affects bilateral energy trade. With a loss of $1.5 million per month, this measure raises questions about the future of regional supply contracts.
EU Strengthens Energy Aid to Moldova with €250 Million
Amid energy tensions with Russia, the European Union has announced a new €250 million financial aid package to support Moldova in 2025. This funding aims to stabilize the country’s energy supply while reducing its dependence on Russian gas.
en_1140290949540-3
EU Strengthens Energy Aid to Moldova with €250 Million
Amid energy tensions with Russia, the European Union has announced a new €250 million financial aid package to support Moldova in 2025. This funding aims to stabilize the country’s energy supply while reducing its dependence on Russian gas.
en_1140290949540-3
Trade War: China Imposes Tariffs on U.S. Hydrocarbons in Retaliation
China is imposing new tariffs on U.S. hydrocarbons and coal in response to Washington’s reinforced duties. This escalation intensifies trade tensions between the two powers and raises major strategic stakes in the energy sector. ##
en_1140290961540-2
Trade War: China Imposes Tariffs on U.S. Hydrocarbons in Retaliation
China is imposing new tariffs on U.S. hydrocarbons and coal in response to Washington’s reinforced duties. This escalation intensifies trade tensions between the two powers and raises major strategic stakes in the energy sector. ##
en_1140290961540-2
American Pressure and Market Balance: OPEC+ Faces Trump’s Demands
The Trump administration is increasing pressure on OPEC to boost oil production. Between economic strategies and geopolitical stakes, global market balance remains fragile as OPEC+ takes a cautious approach ahead of key decisions.
en_1140290966540
American Pressure and Market Balance: OPEC+ Faces Trump’s Demands
The Trump administration is increasing pressure on OPEC to boost oil production. Between economic strategies and geopolitical stakes, global market balance remains fragile as OPEC+ takes a cautious approach ahead of key decisions.
en_1140290966540

Conflict in Ukraine: Trump, Putin, and Energy Diplomacy Under Pressure

Energy issues and political strategies are shaping relations between Trump, Putin, and Zelensky as negotiations over Ukraine could redefine the global geopolitical balance.
Hungary Threatens to Block EU Sanctions Against Russia to Restore Gas Transit
Hungarian Prime Minister Viktor Orban conditions the continuation of European sanctions against Russia on the restoration of Russian gas transit through Ukraine, citing the economic impact on Hungary.
en_1140290954540
Hungary Threatens to Block EU Sanctions Against Russia to Restore Gas Transit
Hungarian Prime Minister Viktor Orban conditions the continuation of European sanctions against Russia on the restoration of Russian gas transit through Ukraine, citing the economic impact on Hungary.
en_1140290954540
Iran’s Nuclear Program: Acceleration and Geopolitical Challenges
As Iran accelerates its enriched uranium production, the International Atomic Energy Agency (IAEA) emphasizes the urgency of dialogue between Washington and Tehran to prevent further diplomatic escalation.
en_11401375540
Iran’s Nuclear Program: Acceleration and Geopolitical Challenges
As Iran accelerates its enriched uranium production, the International Atomic Energy Agency (IAEA) emphasizes the urgency of dialogue between Washington and Tehran to prevent further diplomatic escalation.
en_11401375540
Nigeria strengthens its energy alliances with the BRICS
Africa’s leading oil producer, Nigeria, relies on new partnerships to finance its infrastructure, diversify its markets, and integrate nuclear, solar, and gas projects into its growth strategy.
en_11401330540
Nigeria strengthens its energy alliances with the BRICS
Africa’s leading oil producer, Nigeria, relies on new partnerships to finance its infrastructure, diversify its markets, and integrate nuclear, solar, and gas projects into its growth strategy.
en_11401330540

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS