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Top related persons:
France's - 1 Aref Mohammed - 1 Silvia Aloisi - 1 Timour Azhari - 1 Elaine Hardcastle - 1 TotalEnergies - 1 QatarEnergy - 1 Patrick Pouyanne - 1
Top related locs:
Iraq U.S Basra Saudi Baghdad BASRA Ratawi Iraqi
Top related orgs:
Exxon Mobil - 2 Shell - 2 BP - 2 Thomson - 2 Total - 1 Basra Oil Company - 1 Monday - 1

Search resuls for: "Ratawi"


3 mentions found


☆ Iraq's massive Total oil deal heralds new revenue-sharing formula
  + stars: | 2023-07-19 | by ( Aref Mohammed Silvia Aloisi Timour Azhari | Aref Mohammed | Silvia Aloisi | ) www.reuters.com   time to read: +3 min
BASRA, Iraq, July 19 (Reuters) - Iraq secured its $27 billion oil deal with France's TotalEnergies (TTEF.PA) last week by offering quicker, less risky payback through greater revenue-sharing, a model it could replicate in the future to lure investors. The new deal is designed to allow Total to take a portion of revenues from the Ratawi oil field in Iraq's oil-rich Basra region and use them to help finance three other projects, two senior Iraqi oil officials said. In the end, Total took a 45% share while the state-owned Basra Oil Company took 30% and QatarEnergy 25%. Revenues will be split according to those stakes, one of Iraq's senior oil officials said. Iraq's oil officials said the model could be replicated in the future but that would be considered on a project-by-project basis.
Persons: France's, Aref Mohammed, Silvia Aloisi, Timour Azhari, Elaine Hardcastle Organizations: Exxon Mobil, Shell, BP, Total, Reuters, Basra Oil Company, Thomson Locations: BASRA, Iraq, U.S, Basra, Ratawi, Saudi, Iraqi, Timour Azhari, Baghdad, Paris
☆ Iraq, TotalEnergies sign massive oil, gas, renewables deal
  + stars: | 2023-07-10 | by ( ) www.reuters.com   time to read: +3 min
BAGHDAD, July 10 (Reuters) - Iraq and French oil major TotalEnergies (TTEF.PA) on Monday signed a long-delayed $27 billion energy deal that aims to increase oil production and boost the country's capacity to produce energy with four oil, gas and renewables projects. TotalEnergies Chairman and CEO Patrick Pouyanne signed the agreement with Iraqi oil minister Hayan Abdel-Ghani at a ceremony in Baghdad, with Pouyanne calling it a "historic day". "I hope that this will be a strong signal to other investors to come to Iraq," Pouyanne said. Exxon Mobil, Shell and BP have all scaled back their operations in Iraq in recent years, contributing to a stagnation in oil production. Iraq's oil production capacity has remained at around 5 million barrels per day in recent years.
Persons: TotalEnergies, QatarEnergy, Patrick Pouyanne, Hayan Abdel, Ghani, we'll, Abdel, Pouyanne, Maher Nazeh, Nadine Awadalla, Timour, Louise Heavens, Jason Neely, Christina Fincher Organizations: Monday, Exxon Mobil, Shell, BP, Thomson Locations: BAGHDAD, Iraq, Baghdad, Basra, Saudi, U.S, Saudi Arabia, Dubai
☆ Exclusive: Qatar in talks to join TotalEnergies' $27 bln Iraqi energy project -sources
  + stars: | 2023-01-25 | by ( Hadeel Al Sayegh Maha El Dahan Ron Bousso | Hadeel Al Sayegh | Maha El Dahan | ) www.reuters.com   time to read: +4 min
DUBAI/LONDON, Jan 25 (Reuters) - Qatar is in talks to acquire a stake from French company TotalEnergies' (TTEF.PA) $27 billion cluster of energy projects in Iraq, three sources told Reuters, as Baghdad hopes to stem efforts by Western energy companies to exit the country. The TotalEnergies deal with Iraq, which will require an initial investment of $10 billion, followed a visit from French President Emmanuel Macron in September 2021. Sources told Reuters last year that disputes over terms had risked scrapping the project. A senior Iraqi oil ministry official said he was not aware of QatarEnergy plans to acquire a stake in the TotalEnergies' project. One of the sources told Reuters Sudani would also meet TotalEnergies Chief Executive Officer Patrick Pouyanne in a bid to end the deadlock.
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