[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
Economy News - Baghdad
The French company "Total Energies" confirmed on Monday that its four projects in Iraq, whose contracts were signed today, will achieve great support for the gas industry, reinvestment and electric power generation.
The CEO of the company, Patrick Pouyanne, said, in a speech during the signing ceremony of the contracts, that "it is a historic day to launch the signing of the agreement for the four large projects, and it is very important that the fifteenth president of the French company Total be in Baghdad, to continue the historical relationship with Iraq."
Pouyanneh welcomed "the partners represented by the Basra Oil Company and Qatar Energy," pointing out that "these projects aim to achieve all the interests of the Arab countries."
He stressed that "the President of France is supportive of these projects, and the company is fully prepared to go towards implementing them, especially since they are long overdue," noting that "these projects will benefit the oil industry in Iraq."
He pointed out that "there is a plan that will be in order to provide 5 million barrels of water to contribute to supporting oil reservoirs, as well as to produce drinking water for the residents of Basra," stressing that "these projects will achieve great support not only for the gas industry in Iraq, but also for reinvestment in gas." burned, as well as in the generation of electric power for the citizens of Iraq.
He stressed that "electricity is a great necessity, and the company will produce it from gas through the exploitation of burning gas, as well as through solar energy," pointing out that "these projects will be better occupied, especially since Iraq has the best resources such as oil and gas, as well as solar energy."
He continued, "Our new strategy is represented in the optimal use of natural resources, including solar energy, as well as reducing carbon emissions through these projects that will be implemented in various fields, in addition to reducing gas emissions by more than 15 million tons."
He warned that "the Iraqis are the ones who will implement these projects, and the company in Iraq has many experts in the oil and gas sector, and the company's plan is to adopt Iraqi competencies by providing job opportunities for Iraqis, and it is one of the important goals that the percentage of Iraqi workers be more than 95 %".
He pointed out that "Total is a global company, but at the same time it is local in every country in which it operates because it relies on partnerships in implementation, which will be done by working with Iraqi companies and Iraqi workers."
And he indicated that "these projects represent an investment of more than 10 billion dollars," addressing other international companies by saying: "You have to come to one Iraq to invest, especially since the past months have turned communication into a reality that represents a signal for the implementation of these projects not only for Total, but certainly to all foreign investors.
Today, Monday, the Ministry of Oil signed four contracts with the French company Total for integrated oil and gas development and growth projects, while clarifying the details of the projects.
Added 07/10/2023 - 5:38 PM
[You must be registered and logged in to see this link.]