TotalEnergies mega-deal with Iraq hits snag over state participation
Iraq wants to take a 40 percent stake in the $27 billion deal, but finalizing terms could prove difficult before a new government takes shape.
Then-Prime Minister Mustafa al-Kadhimi (center) oversees TotalEnergies CEO Patrick Pouyanné (left) signing one of four deals with Iraq's Oil and Electricity ministries on Sept. 5, 2021. (Source: Prime Minister's Media Office)
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