Iraq and TotalEnergies in final stretch of talks to launch GGIP
The two sides are finalizing technical details and sub-agreements to activate a potentially transformational $27 billion energy project.
Iraqi Oil Minister Hayyan Abdulghani (second from left) speaks at the Iraq Forum in Baghdad on May 3, 2023. (Photo credit: Oil Ministry)
BAGHDAD/BASRA - Iraqi Oil Minister Hayyan Abdulghani said Wednesday he expects to finalize the $27 billion Gas Growth Integrated Project (GGIP) with France’s TotalEnergies within two weeks.
Abdulghani’s remarks at a conference in Baghdad came after the two sides reached a compromise agreement in early April regarding the size of Iraq’s stake in the project. Since then, they have held talks on technical details and sub-agreements that need to be finalized in order to move forward.
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