Iraq and Total Ink USD27 Billion Deal
Baghdad has signed a USD27-billion contract with France’s Total, Iraq’s oil minister confirmed Sunday.
Iraqi oil minister Ihsan Abdul Jabbar announced Sunday that France's Total will build four giant energy projects in southern Iraq under a $27 billion deal signed in Baghdad.
On his account, Total CEO Patrick Pouyanne stated that the company will start with an initial investment of USD10 billion, adding that engineering work will start "immediately".