TotalEnergies signs agreements for development of projects in the Basra region of Iraq

TotalEnergies, the Iraqi Ministries for oil and electricity, and the Iraq’s National Investment Commission have signed agreements for several projects in the Basra region in Iraq.

TotalEnergies will invest in installations to recover gas that is being flared on three oil fields and supply gas to 1.5 GW of power generation capacity in a first phase growing to 3 GW in a second phase. It will also develop 1 GWac of solar electricity generation capacity to supply the Basra regional grid. The agreements entail the construction of a new gas gathering network and treatment units to supply the local power stations, the construction of a large-scale seawater treatment unit to increase water injection capacities in southern Iraq fields without increasing water withdrawals and the construction and operation of a solar photovoltaic (PV) power plant with a capacity of 1 GWp to supply electricity to the grid in the Basra region. The projects will involve a total investment of about $ 10 billion. The projects will enhance the development of natural resources in Iraq to improve the country’s electricity supply as it is experiencing electricity shortages with a sharp increase in demand from the population.

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