Qatar in Talks to Buy Stake in TotalEnergies' Iraqi Projects

Qatar is in talks to buy a stake from French multi-energy company TotalEnergies' $27 billion cluster of energy projects in Iraq, Reuters reported.

"QatarEnergy is looking to acquire a stake of around 30% in the project, one source said," Reuters reported.

TotalEnergies has a 22.5% interest in the Halfaya oil field and has been operating in Iraq since the late 1920s in oil and gas exploration and production. 

The French company has signed major multi-energy agreements in Iraq covering the construction of a new gas network and treatment units, the construction of a large-scale seawater treatment unit and the construction of a 1 GW photovoltaic power plant, according to its website.