---
title: "TotalEnergies launches final phase of $27 billion Iraq energy project"
url: https://alitoday.com/totalenergies-launches-final-phase-of-27-billion-iraq-energy-project/
date: 2025-09-15
modified: 2025-09-15
author: "Nadeem Al-Ali"
description: "Baghdad: TotalEnergies has begun the final phase of its $27 billion multi-energy project in Iraq, a major investment aimed at boosting oil, gas, and power production while reducing the country’s..."
categories:
  - "World"
tags:
  - "Business"
  - "Iraq"
  - "TotalEnergies"
image: https://alitoday.com/wp-content/uploads/2025/09/converted-4-2-1024x511.avif
word_count: 190
---

# TotalEnergies launches final phase of $27 billion Iraq energy project

**Baghdad:** TotalEnergies has begun the final phase of its $27 billion multi-energy project in Iraq, a major investment aimed at boosting oil, gas, and power production while reducing the country’s reliance on energy imports from Iran.

The initiative, known as the Gas Growth Integrated Project, is a partnership between **TotalEnergies (45%)**, Iraq’s state-owned Basra Oil Company (30%), and **QatarEnergy (25%)**. The latest contracts include work on the Ratawi oil field and a seawater treatment plant, designed to maintain well pressure without using freshwater.

The revised deal introduces a new revenue-sharing model, replacing fixed-fee terms, which Baghdad says will offer “better returns for both foreign investors and Iraq.”

Also Read | [Iraqi PM urges Muslim nations to unite in collective shield against Israel](https://alitoday.com/iraqi-pm-urges-muslim-nations-to-unite-in-collective-shield-against-israel/)

By 2028, the Ratawi field is expected to produce around 210,000 barrels per day. The project also plans to capture flared gas, build a processing facility with a capacity of 600 million standard cubic feet per day, and develop a 1-gigawatt solar park.

Iraqi Prime Minister [Mohammed Shia al-Sudani](https://en.wikipedia.org/wiki/Mohammed_Shia%27_al-Sudani) welcomed the move, calling it a sign of stronger foreign investment and a step toward modernizing Iraq’s energy sector.