Reported 2 days ago
The massive $27 billion energy project in Iraq, spearheaded by TotalEnergies, is set to begin its first phase in early 2026. The initiative aims to capture associated gas and stabilize oil well pressure through a seawater supply system. This project addresses long-standing issues in Iraq's energy sector, reduces dependency on Iran for gas imports, and seeks to maximize oil production potential, potentially positioning Iraq as a leading global oil producer.
Source: YAHOO