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Iraq keen to Proceed with TotalEnergies Deal – Oil Ministry

Iraq's government and its oil ministry are keen to go ahead with a $27 billion cluster of Totalenergies projects and negotiations are ongoing, an oil ministry spokesperson said.

 

"Some time was given to resume dialogue to reach a solution that is suitable for all parties," said Assem Jihad.

 

Sources said that TotalEnergies had pulled staff out of Iraq as it struggles to resolve challenges over the projects, mainly related to shareholding structure.

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