Qatar in talks to join TotalEnergies’ $27 bln Iraqi energy project : US Pioneer Global VC DIFCHQ Riyadh UAE-Singapore Norway Swiss Our Mind

DUBAI/LONDON, Jan 25 (Reuters) – Qatar is in talks to acquire a stake from French company TotalEnergies’ (TTEF.PA) $27 billion cluster of energy projects in Iraq, three sources told Reuters, as Baghdad hopes to stem efforts by Western energy companies to exit the country.

A major investment by a Gulf state would mark an important win for Iraqi Prime Minister Mohammed al-Sudani, who took office last October following more than a year of political turmoil, and would also be considered a step towards countering Iranian influence.

https://www.reuters.com/business/energy/qatar-talks-join-totalenergies-27-bln-iraqi-energy-project-sources-2023-01-25/