Al-Sudani on the French deal: We have come a long way to reach this stage
Al-Sudani on the French deal: We have come a long way to reach this stage
2023-07-10 03:28
Shafaq News/ The Iraqi Prime Minister, Mohamed Shiaa Al-Sudani, received the head of the French company Total Energies, after signing a deal worth 27 billion dinars earlier today, Monday.
His media office said, in a statement received by Shafaq News Agency, that Al-Sudani received, today, the CEO of the French Total Energies Group, Mr. Patrick Pouyanne, explaining that during the meeting they discussed aspects of cooperation within the recently concluded contract between Iraq and Total.
Al-Sudani blessed the start of the implementation steps on the ground, and stressed that the government had made great strides with commitments and reaching this stage, indicating that the contract with the company and the fifth licensing round fall within the strategic vision for gas investment, which Iraq was late in initiating its investment.
He renewed the government’s direction towards concluding serious partnerships with major companies with regard to investing in natural resources, and benefiting from associated gas in particular.
For his part, Pouyanné indicated his company’s direction towards broad cooperation with Iraq, its confidence in partnership in the fields of energy, and investment in promising and ambitious sectors in this field, stressing that the company’s technical teams will begin their work in their locations within days.
Shafaq News/ On Monday, Iraq and the French giant Total Energy signed an energy agreement worth $27 billion, which aims to increase oil production and enhance the country’s ability to produce electricity with four oil and gas projects and renewable energy sources.
shafaq.com
