Iraq and TotalEnergies in final stretch of talks to launch GGIP

Iraqi Oil Minister Hayyan Abdulghani (second from left) speaks at the Iraq Forum in Baghdad on May 3, 2023. (Photo credit: Oil Ministry)

BAGHDAD/BASRA - Iraqi Oil Minister Hayyan Abdulghani said Wednesday he expects to finalize the $27 billion Gas Growth Integrated Project (GGIP) with France’s TotalEnergies within two weeks.

Abdulghani’s remarks at a conference in Baghdad came after the two sides reached a compromise agreement in early April regarding the size of Iraq’s stake in the project. Since then, they have held talks on technical details and sub-agreements that need to be finalized in order to move forward.