June 21, 2024

Iraq’s Deal with Total Energies

Iraq’s Deal with Total Energies

We compliment Iraq and Total Energies on the signing of a $27-billion energy deal that will accelerate Iraq’s path to energy self-sufficiency and advance Iraq’s collective climate change objectives.  Years in the making, the Gas Growth Integrated Project aims to capture flared gas and deploy renewable energy sources.  The United States strongly supports Iraq’s efforts to become more energy secure and minimize harmful emissions.  Minimizing the current practice of gas flaring by capturing the massive amounts of methane being burned away will significantly reduce emissions, improve public health for Iraqis, and utilize captured gas to power Iraq’s electrical grid.  Likewise, this project’s water desalination facility will enhance oil recovery while reducing the burden on Iraq’s fragile fresh water sources.

In addition, a one-gigawatt solar farm will launch Iraq’s transition to renewable energy production.  One of the primary goals of the U.S.-Iraq Higher Coordinating Committee (HCC), which met in February, was accelerating Iraq’s path to energy self-sufficiency and improved service delivery.  The agreement today between Iraq and Total Energies, and the projects laid out during the HCC, will ultimately allow Iraq to end its dependence on unreliable energy sources and strengthen essential services for the Iraqi people.  Concluding this deal also signals a fast-improving business climate that will help attract the foreign investments needed to generate economic opportunity for all Iraqis.

Official news published at https://www.state.gov/iraqs-deal-with-total-energies/