LA DEFENSE (dpa-AFX) - TotalEnergies (TTA.L, TOT), formerly called as Total SA, plans to invest $27 billion in Iraq in a 25-year deal. The deal includes investments in various energy projects, including injecting seawater into oil fields to increase the amount of oil recovered, a natural-gas processing plant and a solar farm, according to several reports citing people familiar with the matter.
The French energy company has pledged an initial investment of $10 billion in the projects, the reports said.
A spokesman for the Iraqi oil ministry reportedly said that the projects would help improve the country's electricity supply.
Copyright RTT News/dpa-AFX
TOTALENERGIES-Aktie komplett kostenlos handeln - auf Smartbroker.de