An economist for Nina: The French Total deal will be the beginning of historic investment deals in Iraq

Sunday 12 September 2021 20:12
 
Baghdad / NINA / - An expert in economic affairs, Raad Twij, said that Iraq has signed a major investment deal with the French company Total, worth 27 billion dollars, provided for historic French investments and a French Marshall project in Iraq.

Twig said in a statement to the National Iraqi News Agency / NINA/ That "Iraq signed a major investment deal with the French company Total, worth 27 billion dollars, on four giant projects, both at the level of the Artawi oil field, 85,000 in Permia, until it reaches 210 thousand barrels, and the other Artawi gas field is 600 million cubic feet, and then liquefied gas is 3000 tons per day within the two contracts. The first two and the other contract is the supply of joint sea water with 7.5 million barrels of water and the establishment of a solar power plant with 1,000 megawatts, indicating that all contracts have benefits in using modern technology, training Iraqi workers, providing new job opportunities for Iraqis, reducing gas flaring and reducing dependence on imported gas.

He stressed, "This deal is rightfully considered a French Marshall Plan in Iraq, and it may be a prelude to historic French investments and could close the gap of weak investment in Iraq in the previous stage. With Iraq as a promising partner and the availability of mutual intentions for such a partnership.”/ End 8

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