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![Iraq makes breakthrough in talks for oil, gas, water, solar project with TotalEnergies [Gas in Transition] - Vimarsana News](https://vimarsana.com/images/vimarsana-bigimage.jpg)
Iraq is the second-biggest gas flarer in the world, but this resource can be harnessed to bolster the country’s energy security. [Gas in Transition, Volume 3, Issue 4]
Iraq said on Tuesday it has agreed to a smaller 30% stake in TotalEnergies long-delayed $27 billion project, reviving a deal that Baghdad hopes could lure back foreign investment into the battered country which craves stability.
By Giulia Petroni Shares in TotalEnergies SE surged on Wednesday on news that the French major and the Iraqi government are moving ahead with an investment plan to boost electricity... | April 5, 2023
The Government of Iraq has finalised an agreement to purchase a 30% stake in TotalEnergies’ $27bn energy project, reported Reuters.
RIYADH: Oil prices were stable on Wednesday, as the market weighed gloomy economic prospects against expectations of US crude inventory declines and OPEC’s voluntary output cuts announcement. Brent crude futures gained 44 cents, or 0.52 percent, to $85.38 a barrel by 11.15 a.m. Saudi time. West Texas Intermediate US crude was up 31 cents, or 0.38 percent, to $81.02 a barrel.