SUBSCRIBE
PROFILE

TotalEnergies partners to reduce flared gas emissions in Iraq

TotalEnergies awards shares to Basrah Oil Co. and QatarEnergy in a $27 billion deal for the Integrated Gas Growth Project in Iraq The goal is to reduce dependence on Iranian electricity and gas imports while promoting sustainable practices.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99$/year

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

TotalEnergies awards shares to Basrah Oil Co. and QatarEnergy in a $27 billion deal for the Integrated Gas Growth Project in Iraq

TotalEnergies and its partners invest in an integrated energy project in Iraq

After months of delays, TotalEnergies has agreed to give Basrah Oil Co. and QatarEnergy shares in two energy projects in Iraq as part of a $27 billion deal. The Integrated Gas Growth Project will capture associated gas, currently flared, from three oil fields for use in power generation. It will also build a seawater treatment plant to provide water injection to boost oil production.

Basrah Oil Co. will hold a 30% interest and QatarEnergy a 25% interest, with TotalEnergies holding the balance. The three companies will share a $10 billion investment in the project. The Iraqi cabinet approved the revision of its participation from 40% to 30%.

Iraq, the second largest emitter of flared gas after Russia, is seeking to attract foreign investment needed for its energy industry. The country mainly produces associated gas pumped with oil, which is subject to OPEC+ oil production quota restrictions. Iraq also flares most of its associated gas, making it the second largest emitter of flared gas in the world, according to the World Bank.

TotalEnergies and ACWA Power help reduce Iraq’s energy dependence

Iraq is trying to reduce its dependence on Iranian electricity and gas imports, which are subject to sanctions. The country receives waivers from the United States to import Iranian energy without financial consequences. Iraq also needs an injection of seawater into its oil fields to maintain pressure, especially in the huge southern fields operated by international oil companies.

As part of the agreement, TotalEnergies will also work with Saudi Arabia’s renewable energy company ACWA Power to develop a 1 GW solar power plant to supply electricity to the grid in the energy-rich southern province of Basrah.

The $27 billion deal, signed in September 2021, had been delayed due to differences over Iraq’s stake in the projects, which was originally set to be 40%, and other technical issues. However, with the revised participation and agreement with Basrah Oil Co. and QatarEnergy, TotalEnergies can move forward with its plans to boost the Iraqi energy industry while promoting sustainable practices.

  • Popular on energynews.pro
United States adds 11.7 GW of renewable capacity in Q3 despite uncertainty
Framatome to upgrade critical systems at Columbia nuclear power plant
Plug Power signs with Hy2gen for 5MW electrolyser in France
France and China prepare climate task force to secure nuclear and cleantech
Small modular reactor market to reach 912.5 MW by 2030
French power overcapacity forces strategic revision before end of December
Facing a structural electricity surplus, the government commits to releasing a new Multiannual Energy Programme by Christmas, as aligning supply, demand and investments becomes a key industrial and budgetary issue.
Fossil fuel divisions block adoption of major UN report
A key scientific report by the United Nations Environment Programme failed to gain state approval due to deep divisions over fossil fuels and other sensitive issues.
France: RTE calls for accelerated electrification to reduce fossil fuel dependence
RTE warns of France’s delay in electrifying energy uses, a key step to limiting fossil fuel imports and supporting its reindustrialisation strategy.
India cancels 6.3 GW of renewable connections, signalling regulatory shift
India’s central authority has cancelled 6.3 GW of grid connections for renewable projects since 2022, marking a tightening of regulations and a shift in responsibility back to developers.
Brazil launches roadmap to reduce its dependence on oil
The Brazilian government has been instructed to define within two months a plan for the gradual reduction of fossil fuels, supported by a national energy transition fund financed by oil revenues.
Germany delays RED III directive, retroactive enforcement now likely
The German government may miss the January 2026 deadline to transpose the RED III directive, creating uncertainty over biofuel mandates and disrupting markets.
Italy awards 8.6GW in renewables in Fer-X tender
Italy allocated 82% of the proposed solar and wind capacities in the Fer-X auction, totalling 8.6GW, with competitive purchase prices and a strong concentration of projects in the southern part of the country.
Paris appoints Jean-Bernard Lévy to review subsidies for renewables
Amid rising public spending, the French government has tasked two experts with reassessing the support scheme for renewable electricity and storage, with proposals expected within three months.
Polish army joins efforts to secure power grid against drone threats
National operator PSE partners with armed forces to protect transformer stations as critical infrastructure faces sabotage linked to foreign interference.
Norway launches a commission to plan the post-oil era
The Norwegian government establishes a commission to anticipate the decline of hydrocarbons and assess economic options for the country in the coming decades.
Kazakhstan launches tenders for 3 GW of renewable capacity by 2026
Kazakhstan plans to allocate 3 GW of wind and solar projects by the end of 2026 through public tenders, with a first 1 GW tranche in 2025, amid efforts to modernise its power system.
Power outages in the United States reach record 11 hours per customer in 2024
Hurricanes Beryl, Helene and Milton accounted for 80% of electricity outages recorded in 2024, marking a ten-year high according to federal data.
France: the CRE launches a transitional mechanism to regulate suppliers
The French Energy Regulatory Commission introduces a temporary prudential control on gas and electricity suppliers through a “guichet à blanc” opening in December, pending the transposition of European rules.
Carney and Smith unlock pipeline to Asia and amend tanker ban law
The Carney–Smith agreement launches a new pipeline to Asia, removes oil and gas emission caps, and initiates reform of the Pacific north coast tanker ban.
Post-CfD renewable assets expose investors to increased market risk
The gradual exit from CfD contracts is turning stable assets into infrastructures exposed to higher volatility, challenging expected returns and traditional financing models for the renewable sector.
Canada reforms Energy Efficiency Act to align policy with digital markets
The Canadian government introduces major legislative changes to the Energy Efficiency Act to support its national strategy and adapt to the realities of digital commerce.
Quebec maintains sole carbon price at the pump despite federal tax repeal
Quebec becomes the only Canadian province where a carbon price still applies directly to fuels, as Ottawa eliminated the public-facing carbon tax in April 2025.
India invests $872mn to locally produce rare earth permanent magnets
New Delhi launches a 72.8 bn INR incentive plan to build a 6,000-tonne domestic capacity for permanent magnets, amid rising Chinese export restrictions on critical components.
Long-term contracts reshape electricity market risk over 30 years amid volatility
The rise of CfDs, PPAs and capacity mechanisms signals a structural shift: markets alone no longer cover 10–30-year financing needs, while spot prices have surged 400% in Europe since 2019.
Berlin plans to acquire 25.1% of TenneT Germany by early 2026
Germany plans to finalise the €5.8bn ($6.34bn) purchase of a 25.1% stake in TenneT Germany to strengthen its control over critical national power grid infrastructure.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

START - 99$/year

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.