TotalEnergies deal may be launchpad for Iraq’s energy sector
Gas Growth Integrated Project pivotal to key Opec producer’s longer-term success
Iraq’s Gas Growth Integrated Project (GGIP) may have reached its final form after many previous iterations. In early April, Baghdad reached a final agreement with TotalEnergies and state-controlled QatarEnergy on the shape of the partnership. With Iraq’s energy sector finally showing signs of progress, the GGIP is crucial to its goals on at least three fronts. The new administration of Prime Minister Mohammed Shia al-Sudani has been much more active than its predecessors in advancing energy sector deals. In February, the government concluded six exploration and development contracts that had been in limbo since 2018’s fifth licensing round. In early April, it reached a temporary deal with th
Also in this section
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields
23 April 2024
Cheaper Russian barrels and lower overall crude prices have helped cut key oil consumer’s import bills in election year
22 April 2024
Pursuing three different goals as part of the same package may mean achieving none of them