Iraq's Energy Sector: Developments, Negotiations, and Progress.
Originally Published 2 years ago — by The White House
Iraq has made significant progress in its energy sector with two major deals, including a historic agreement between the government and the Kurdistan Regional Government on the export of oil and management of revenues, paving the way for a multi-year budget and a hydrocarbons law. The government also reached a $27 billion deal with France's TotalEnergies to recapture and use flared gas in southern Iraq, increasing electricity supply, reducing harmful climate effects, and allowing for the export of gas products to new markets. Companies from Qatar, Saudi Arabia, and the United States will play important roles in this infrastructure project.