QatarEnergy to Participate in Iraq’s Multi-Billion Gas Growth Integrated Project
The GGIP consortium will be composed of Basra Oil Company (30%), TotalEnergies (Operator – 45%) and QatarEnergy (25%). The arrangement is still subject to the finalisation of necessary contractual arrangements and customary regulatory approvals.
Minister of State for Energy Affairs and QatarEnergy President and CEO HE Saad Sherida Al-Kaabi, said they are pleased to be part of this significant development, which is important for Iraq’s energy sector. The minister said they are looking forward to working with TotalEnergies and Basra Oil Company.
I would like to express our appreciation to the Government of Iraq for their valuable support to reach this point, and for the trust they have placed in QatarEnergy as a reliable partner.
Signed in September 2021, the GGIP is a key strategic project that involves investing approximately US$10 billion to design and construct facilities for recovering significant volumes of otherwise flared gas throughout the Basra region and supplying such recovered gas to power stations, as well as a seawater treatment and distribution system to supply water for injection into oil reservoirs for pressure maintenance purposes.
With extensive experience in large-scale energy projects, including seawater treatment projects, and a strong international partnership with TotalEnergies, QatarEnergy welcomes this opportunity to participate in a key project for Iraq and its people.
To learn more about the ongoing projects of QatarEnergy, visit qatarenergy.qa.
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