Report: Head of Basra Oil Company Expects Qatar to Take 20-25% Stake in TotalEnergies' Iraq Project by 2023

 

 

 

The head of the Basra Oil Company, Ihsan Abdul Jabbar, recently announced his expectation that Qatar will acquire a 20-25% stake in TotalEnergies' oil project in Iraq by 2023. This move is part of Qatar's strategy to expand its investments in the global energy sector and strengthen its relationship with Iraq. The project, which aims to increase oil production, will benefit from Qatar's extensive experience in the industry and its advanced technologies. This partnership between Qatar and TotalEnergies will further enhance cooperation and create economic opportunities for both countries.

 

In my opinion, this collaboration between Qatar and TotalEnergies is a positive development that can bring mutual benefits. Qatar's investment in the Iraq project demonstrates its commitment to expanding its presence in the energy market and diversifying its portfolio. This partnership will not only enhance Iraq's oil production capabilities but also foster closer ties between the two countries.

 

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