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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

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Established in 2006 as a Community of Reality

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Total: 10 billion dollars in the company's investments in contracts signed with the Iraqi government

rocky
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Total: 10 billion dollars in the company's investments in contracts signed with the Iraqi government Empty Total: 10 billion dollars in the company's investments in contracts signed with the Iraqi government

Post by rocky Mon 06 Sep 2021, 7:45 am

Total: 10 billion dollars in the company's investments in contracts signed with the Iraqi government
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On the sidelines of Iraq's signing of 4 agreements with France's Total, in the presence of the Prime Minister
 September 06, 2021 02:53 PM
Mubasher: The French company, Total Energies, said today, Monday, that the value of its total investments in the projects signed yesterday with the Iraqi government for optimal investment projects for associated gas and the development of oil fields is 10 billion dollars.
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These agreements mark the company's return through the front door to Iraq, the country in which Total was born in 1924, said Total Chairman and CEO, Patrick Bojani.
Boyani added: "Our ambition is to help Iraq build a more sustainable future, by developing the country's natural resources, obtaining electricity through more sustainable use, reducing gas flaring that generates air pollution and greenhouse gas emissions, managing water resources and developing solar energy."
For his part, Iraqi Oil Minister, Ihsan Abdul-Jabbar Ismail, said that Total Energy will invest up to $10 billion in building gas and oil facilities, water injection and solar energy during the first years of the gigantic integrated gas project, in the largest investment step in the country's energy sector.
The Minister of Oil added, through his official account on "Twitter", that it will spend about 27 billion dollars cumulatively during the life of the project.
Yesterday, Sunday, [You must be registered and logged in to see this link.]  , which includes three contracts between the Iraqi Ministry of Oil and the French Total Company, and the fourth contract for the solar energy project between the Ministry of Electricity and the French Total, under the auspices of the Iraqi Prime Minister, Mustafa Al-Kazemi. .
The total value of the four projects is $27 billion, while the total return on profits during the contract period is $95 billion, calculating the price of a barrel of $50.
Total Energy in Iraq began its activities in the 1920s with the discovery of the Kirkuk field.
The company currently owns a 22.5% stake in the Halfaya oil field, which will produce approximately 20,000 barrels per day in 2020.
Total sells lubricants in Iraq through distributors in the local retail market, according to the company's statement.
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