Iraq s new energy storage supplier

Initially signed in 2021, the deal with TotalEnergies had faced delays amid disputes over the terms, but was finalized in April when Iraq agreed to take a smaller-than-initially-demanded stake of 30 percent in the project. TotalEnergies took a 45 percent stake and QatarEnergy took the re
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TotalEnergies awards contract for its mega-project in Iraq

BAGHDAD, January 19, 2024 – Energy giant TotalEnergies has signed a contract with Vallourec for supply of casing and tubing for its Gas Growth Integrated Project in Iraq, the contractor

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TotalEnergies awards contract for its mega-project in Iraq

BAGHDAD, January 19, 2024 – Energy giant TotalEnergies has signed a contract with Vallourec for supply of casing and tubing for its Gas Growth Integrated Project in Iraq, the contractor announced on Tuesday. Under the deal,

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6 FAQs about [Iraq s new energy storage supplier]

What is the value of Iraq's gas growth integrated project?

Value of the deal was not disclosed. The developments fall under Iraq’s Gas Growth Integrated Project, which aims to up the country’s power generation capacity and gas production. The French energy giant signed the USD 27-billion contract to begin construction of four energy projects in the country in July 2023.

Does Iraq have a green energy plan?

Iraq intends to generate 25% of its energy from green sources by 2030, and in 2022 made $750m in low interest loans available to fund solar initiatives. An increase in renewable power will drive growth in green hydrogen and ammonia production.

Is foreign help enough to fix Iraq's energy problems?

Foreign help is not enough to fix energy issues, domestic reform is necessary. This past July, Iraq and France’s TotalEnergies finalized the Gas Growth Integrated Project, a $27 billion energy deal aimed at Iraq’s natural resources and improving the country’s electricity supply.

Where in Iraq will new electricity transmission substations be built?

By next summer, Basra, Amara, Dywania, Kut, Hilla, Nassriya and other areas in Iraq, will house new electricity transmission substations that will bring reliable power to millions of people and help industries grow. Vice President, Grid Stabilization, Siemens Energy Middle East.

Why did the Iraqi government get a follow-up order from Siemens Energy?

Customer satisfaction with the Siemens Energy products and the joint project execution of the Dresden factory as well as the Siemens Energy team located in Erlangen, Abu Dhabi and Iraq paved the way for a follow-up order by the Iraqi government for the Al Hamudhia (north-west of Baghdad) region. It includes the supply of 10 additional transformers.

Does Iraq have natural gas?

Iraq’s proven gas reserves are the twelfth-largest in the world, but the country lacks the means to efficiently capture natural gas and leverage the resource into electricity. The country flares huge quantities of methane gas associated with oil and gas extraction.

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