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By John Lee. TotalEnergies has confirmed that it will proceed with the Gas Growth Integrated Project (GGIP) in Iraq. In a statement to the markets on Wednesday, it added that QatarEnergy to take a 25-percent stake in the project. Also, in agreement with Iraqi authorities, TotalEnergies will invite the Saudi company ACWA Power to join
French energy firm TotalEnergies announced Wednesday an agreement with Iraq on a long-delayed $10 billion project to improve the country's rundown electricity grid after resolving disputes over the terms of the deal.
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TotalEnergies, Iraq agree on delayed $10 bn project