Exclusive-Iraq’s $27 billion TotalEnergies deal stuck over contract wrangling

Published by
Reuters

By Aref Mohammed, Rowena Edwards and Dmitry Zhdannikov BASRA/LONDON (Reuters) -A $27 billion deal between France’s TotalEnergies and Iraq that Baghdad hoped would reverse the exit of oil majors from the country has stalled amid disputes over terms and risks being scrapped by the country’s new government. Iraq has struggled to attract major fresh investments into its energy industry since signing a flurry of post U.S.-invasion deals over a decade ago. The Iraqi government has cut oil output targets repeatedly as international oil companies that signed those initial deals leave due to poor retur…

Read More

MENU

CATEGORIES