West Qurna-1 oilfield is operated by ExxonMobil
Iraq’s future tied to deadlocked TotalEnergies deal
The $27bn megaproject is key to Iraq’s 2027 oil and gas production goals
The fate of Iraq’s crude and gas production is tied to a stalled $27bn deal with France's TotalEnergies. Almost 18 months after the set of major energy projects was awarded to the French major and a new government was formed, the political limbo remains. The importance of the deal to Iraq’s hydrocarbons sector cannot be underestimated, with the Gas Growth Integrated Project (GGIP) forecast to account for just under 20pc of Iraq’s gas production by 2027 and a seawater injection facility being pivotal to the country’s target of raising oil output from 4.5mn bl/d currently to 7mn bl/d by 2027. c.20pc – GGIP’s projected share of Iraq’s gas production by 2027 Opec’s second-largest produce
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28 October 2025
Questions remain about how the phase-out will be implemented and enforced in practice
28 October 2025
The International Gas Union calls for a ‘whole-system’ approach, combining planning of gas, electricity and hydrogen networks to ensure energy systems remain flexible and resilient during the transition
27 October 2025
FID on the HI development suggests the country’s chronically under-exploited gas reserves are beginning to be properly exploited
24 October 2025
The country’s rapid output growth is an example that other producers could learn from
