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TotalEnergies SE EU:TTE Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 49.555 49.62 49.555 0.00 06:15:00

TotalEnergies' $27 Billion Iraq Deal Stalls, Reuters Reports

14/02/2022 10:45am

Dow Jones News


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-- TotalEnergies SE's deal to invest $27 billion in Iraq over a 25-year period has stalled as key details are yet to be approved by the country's cabinet, Reuters reports, citing unnamed sources.

-- Iraq's oil ministry didn't agree on financial details with all government departments needed to approve the deal, Reuters reports, citing three unnamed Iraqi oil ministry and industry sources involved or familiar with the negotiations.

--The deal needs approval from a new Iraqi cabinet, including new oil and finance ministers, who won't be in place until at least the end of March, according to Reuters.

 

Full story: https://reut.rs/3oLX1gG

 

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

 

(END) Dow Jones Newswires

February 14, 2022 05:30 ET (10:30 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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