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.