Iraq Inks Energy Deals with TotalEnergies, QatarEnergy, and Asian Partners to Develop Artawi Oilfield Under Gas Growth Integrated Project.

Iraq has signed a joint operations agreement with TotalEnergies, QatarEnergy LNG, and Basra Oil Company to develop the Artawi oilfield under the Gas Growth Integrated Project. The agreement aims to capture flared gas and increase oil and gas production. The project is part of Iraq's efforts to reduce gas flaring and increase energy production.

Iraq has taken a significant step towards enhancing its energy infrastructure and reducing gas flaring with the signing of a joint operation agreement involving TotalEnergies, QatarEnergy LNG, and Basra Oil Company. The agreement, part of the Gas Growth Integrated Project (GGIP), aims to improve Iraq's electricity supply and reduce its import bill by capturing flared gas and increasing oil and gas production.

The GGIP, an initiative between QatarEnergy, TotalEnergies, and Basra Oil Company, focuses on three main aspects: recovering flared gas at three oilfields, using this gas to supply power plants, and developing renewable energy projects. The project includes the construction of the second phase of the Artawi oil field development project and the Common Seawater Supply Project (CSSP), which will process and transport 5 million barrels of seawater per day to the main oil fields in southern Iraq Iraq signs joint operation agreement with France's ...^[1].

Additionally, TotalEnergies has signed separate agreements with Turkey's ENKA construction company and China's Petroleum Engineering & Construction Corp (CPECC) to establish a central oil and gas processing facility with a daily production capacity of 210,000 barrels of oil and 163 million standard cubic feet of gas. Another agreement with South Korea's Hyundai Engineering and Construction involves constructing a seawater treatment plant with a design capacity of 7.5 million barrels per day Iraq signs joint operation agreement with France's ...^[1].

Prime Minister Mohammed Shia al-Sudani welcomed the growth of foreign investments in the country, noting that the agreements reflect an improvement in Iraq's investment environment. The Prime Minister's Office also stated that the contracts include a joint operating agreement between the Ministry of Oil, Basra Oil Company, QatarEnergy, and TotalEnergies, alongside agreements with Hyundai, ENKA, and CPECC Iraq signs contracts with Qatar, France, and China for oil and clean energy projects » 964media^[2].

The agreements are part of Iraq's broader strategy to modernize its energy sector and reduce its reliance on imports. By capturing flared gas and increasing oil and gas production, the GGIP aims to supply the national grid with clean electricity, contributing to the country's energy security and economic development.