Why TotalEnergies' $27bn Iraq Deal is a Gamechanger
By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News.
Why TotalEnergies' $27 Billion Deal With Iraq Is A Gamechanger
The long-delayed US$27-billion four-pronged megadeal between France's TotalEnergies and the Federal Government of Iraq has received the final go-ahead from both sides and is due to start within the next four weeks.
The huge deal is crucial in enabling Iraq to increase its oil production from around 4.5 million barrels per day (bpd) to perhaps 13 million bpd within five years.
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