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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| 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 | 0.00% | 66.85 | 68.50 | 66.00 | 0.00 | 06:30:29 |
From May 2021 to May 2024
By Mauro Orru
TotalEnergies SE has signed agreements with the Iraqi government for several projects in the Basra region, with investments of around $10 billion.
The French energy giant said Monday that it would invest in installations to recover gas that is being flared on three oil fields and develop solar-electricity-generation capacity to supply the Basra regional grid.
The announcement comes after The Wall Street Journal reported that TotalEnergies plans to invest $27 billion in Iraq in a 25-year deal, according to people familiar with the matter, with $10 billion as an initial investment.
Under the agreements, TotalEnergies will construct a new gas gathering network and treatment units to supply local power stations, build a large-scale seawater treatment unit, as well as a photovoltaic power plant that it will operate to supply electricity to the grid in the Basra region.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
September 06, 2021 03:38 ET (07:38 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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