The French oil giant, TotalEnergies, is set to finalize four multi-billion projects, which were awarded by the Iraqi Oil Ministry last month, by the year 2029, as reported by the official Iraqi news agency on Tuesday.
Under the agreements, phase 1 of the gas projects is expected to contribute nearly 300 million cubic feet per day to Iraq’s gas production, with this quantity doubling upon the completion of phase 2.
Despite the significant increase in gas production, the agency cited Nusair Jabbar, Studies and Planning Director at the Iraqi Oil Ministry, stating that the produced gas would not be sufficient for Iraq to achieve self-sufficiency in gas supplies.
