Background on Key Players
TotalEnergies, a French multinational integrated oil and gas company, is one of the world’s leading energy providers. The company operates in nearly 50 countries, employing around 100,000 people worldwide. TotalEnergies is committed to providing energy that is reliable, affordable, and environmentally responsible.
QatarEnergy is a Qatari company that was established in 2021 following the merger of Qatar Petroleum and Qatari Natural Gas Company. It is responsible for the exploration, production, refining, and marketing of hydrocarbons in Qatar. The company aims to diversify its energy portfolio, including investments in renewable energies.
Basra Oil Company, an Iraqi state-owned enterprise, is responsible for the exploration and production of oil in southern Iraq. It plays a crucial role in the country’s energy sector, contributing significantly to Iraq’s oil production.
Key Agreements and Projects
Artawi Oilfield Development Project (GGIP):
- The Iraqi Ministry of Oil signed an exploration agreement with TotalEnergies, QatarEnergy LNG, and Basra Oil Company for the Artawi oilfield development project.
- The GGIP aims to enhance Iraq’s electricity supply by recovering flared gas from three oilfields and using it to power electricity stations, thus reducing Iraq’s energy import bill.
- The project also includes renewable energy initiatives.
Artawi Oilfield Development Project – Second Phase:
- QatarEnergy CEO and Minister of State for Energy, Saad al-Kaabi, met with Iraqi Prime Minister Mohammed Shia al-Sudani and TotalEnergies CEO Patrick Pouyanne to announce the commencement of construction for the second phase of the Artawi oilfield development project and the Common Seawater Supply Project (CSSP).
- The CSSP will process and transport 5 million barrels of seawater daily to major oilfields in southern Iraq.
Oil Processing and Gas Central Facility:
- TotalEnergies signed an agreement with Turkish construction company ENKA to establish a central oil and gas processing facility in Iraq with a daily production capacity of 210,000 barrels of oil and 163 million standard cubic feet of gas.
Seawater Treatment Plant:
- TotalEnergies also reached an agreement with Hyundai Engineering and Construction from South Korea to build a seawater treatment plant in southern Iraq with a design capacity of 7.5 million barrels per day.
Impact and Reactions
Prime Minister al-Sudani expressed his satisfaction with the growing foreign investments in Iraq during the signing ceremony.
Key Questions and Answers
- Who are the key players involved in these agreements? The main parties include TotalEnergies (France), QatarEnergy (Qatar), Basra Oil Company (Iraq), ENKA (Turkey), and Hyundai Engineering and Construction (South Korea).
- What is the purpose of the Artawi Oilfield Development Project (GGIP)? The GGIP aims to improve Iraq’s electricity supply by recovering flared gas from oilfields and using it to power stations, thus reducing energy import costs. It also includes renewable energy initiatives.
- What does the Common Seawater Supply Project (CSSP) entail? The CSSP will process and transport 5 million barrels of seawater daily to major oilfields in southern Iraq.
- What are the other projects that TotalEnergies is involved in? TotalEnergies signed agreements to build a central oil and gas processing facility in Iraq with ENKA and construct a seawater treatment plant in collaboration with Hyundai Engineering and Construction.
