Reuters confirmed that Qatar is in talks to acquire a stake in Iraq’s $27 billion energy projects group belonging to the French Total Energy, as Baghdad hopes to stop Western energy companies’ efforts to leave the country.
The sources told Reuters that Qatar Energy is looking to acquire a stake of about 30 percent in the project, and energy companies rarely own 100 percent of projects and prefer to enter into partnerships to reduce risks.
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And when Total Energy signed an agreement with Baghdad in 2021 to build four giant projects for solar energy, gas, electricity and water in southern Iraq over a period of 25 years.
The deal includes the establishment of a natural gas collection network to supply local power plants through the expansion of the Ratawi field, the construction of a large-scale seawater treatment facility to boost production from other fields with water injection technology, and the establishment of a large solar power plant in Basra.
