Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Join the forum, it's quick and easy

Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


Bloomberg: Imminent failure of a contract between Iraq and France's Total for energy and electricity

rocky
rocky
NNP TEAM
NNP TEAM

Posts : 202403
Join date : 2012-12-21

Bloomberg: Imminent failure of a contract between Iraq and France's Total for energy and electricity Empty Bloomberg: Imminent failure of a contract between Iraq and France's Total for energy and electricity

Post by rocky Fri 03 Sep 2021, 7:14 am


[size=30]Bloomberg: Imminent failure of a contract between Iraq and France's Total for energy and electricity projects


2021-09-03
[/size]
[You must be registered and logged in to see this link.]
Yes Iraq: Baghdad

Informed sources said that the government of Iraq and Total Energy are about to finalize an agreement that will launch billions of dollars in investments aimed at boosting oil and gas production and reducing power outages in the Middle Eastern country.
The sources told Bloomberg that "under the agreement, which may be announced soon on Sunday, the French energy company will invest in the large Artawi oil field in the southern province of Basra, and bring experience in pumping sea water to oil wells in the region to maintain its production.”
Total Energy will also help Iraq obtain natural gas associated with several oil fields in the region, as the sources said that “this fuel, which is currently burned in the open air, can be used to feed power plants, and that the company will also build a solar power plant.” Very large".
These projects may come as a boon for the Iraqi government, which faces its elections next month as Iraq faces the dilemma of frequent power cuts, as well as faltering investment in infrastructure in the oil-rich country due to years of conflict, terrorism and insecurity.
Baghdad, which wants to reduce its dependence on gas imports from Iran, gave its approval in July to a preliminary agreement with Total Energy to boost the country's hydrocarbon production and build a 1,000-megawatt solar power plant. The country relies mainly on natural gas to supply its power stations.
These deals will contribute to strengthening the French company's presence in the second largest producer in OPEC, as well as its expansion in the Middle East and North Africa after previous deals in Libya, Qatar and Abu Dhabi.
[You must be registered and logged in to see this link.]

    Current date/time is Tue 28 Sep 2021, 6:25 am