What is the story about?
What's Happening?
TotalEnergies, in collaboration with Basra Oil Company and QatarEnergy, has initiated the final construction phase of Iraq's Gas Growth Integrated Project (GGIP). This phase includes the development of the Ratawi oil field and the Common Seawater Supply Project (CSSP). The Ratawi oil field aims to increase production to 210,000 barrels per day by 2028, while the CSSP will deliver treated seawater to southern Iraq's oil fields, reducing reliance on freshwater resources. These projects are part of Iraq's largest upstream energy partnership, integrating oil, gas, solar, and water initiatives to expand production, reduce emissions, and enhance electricity supply.
Why It's Important?
The GGIP represents a significant step in Iraq's energy transition, aiming to bolster energy independence and reduce environmental impact. By capturing and processing associated gas, the project will supply power plants with substantial capacity, serving millions of homes. The initiative also supports local employment, with over 7,000 Iraqi workers involved at peak construction. TotalEnergies' commitment to multi-energy transition strategies highlights the potential for similar projects to drive sustainable energy development in the region.
What's Next?
As the GGIP progresses, stakeholders will monitor its impact on Iraq's energy landscape, particularly in terms of production capacity and environmental benefits. The project's success could encourage further investment in integrated energy solutions, potentially influencing regional energy policies and partnerships.
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