Iraq emergency energy storage power direct sales

Does Iraq have a good power sector?

As a major producer, Iraq’s electricity sector is almost entirely dependent on fossil fuels, which account for more than 80% of power generation. Despite its vast energy resources, the performance of the country’s power sector is sub-optimal.

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.

Will Iraq's megaproject 'give Iraq a breather'?

Bachar El-Halabi, an energy markets analyst at London-based Argus, says the megaproject “gives the country a breather” after recent years saw some oil majors pull out of Iraq. “This should, in theory, help decrease Iraq’s dependency on Iranian gas imports, which remains a sticky point between Baghdad and Washington,” he said.

Can Iraq achieve energy self-sufficiency without regional aid?

However, the path to energy sufficiency remains a considerable challenge for Iraq even with regional aid. Without domestic reforms to address the underlying causes of the energy crisis, Iraq’s journey towards achieving energy self-sufficiency is still a considerable distance away.

How has war affected Iraq's power infrastructure?

Despite the extraordinary challenges of war in recent years, Iraq has made impressive gains, nearly doubling the country’s oil production over the past decade. But the turmoil has also undermined the country’s ability to maintain and invest in its power infrastructure.

Does totalenergies have a relationship with Iraq?

As one of the top world oil and gas companies, TotalEnergies relationship with Iraq and the region is not new. In the 1970s, TotalEnergies had a service contract in Iraq that led to the discovery and development of the Maysan oil fields.