Qatar is in talks to acquire a stake from French company TotalEnergies' $27 billion cluster of energy projects in Iraq, three sources told Reuters, as Baghdad hopes to stem efforts by Western energy companies to exit the country.
But the project, aimed at boosting the country's economy and reducing its dependency on Iranian gas, is yet to take off.
The deal includes the construction of a natural gas gathering network to supply local power stations through the expansion of the Ratawi field, building a large-scale seawater treatment facility to boost output from other fields using water injection and a large solar power plant in the Basra region.
QatarEnergy and TotalEnergies have been talking about a stake in the project, and even though no final agreement has been reached yet, there was a lot of confidence it would materialise, two of the sources said.Iraq and France in December jointly organised a
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