France’s TotalEnergies is leading a US$27 billion project in Iraq aimed at boosting gas capture and stabilizing oil well pressure. The project includes a solar complex, redevelopment of an oil field, and a seawater supply project. Construction is underway, with expected oil, gas, and solar output by early 2026.

One key project will capture associated gas, reducing Iraq’s reliance on Iran for power. The project aims to address issues that have led to cooperation between Iraq and Iran, impacting regional politics and security. By capturing and refining gas during oil drilling, Iraq aims to cut its dependence on Iran.

TotalEnergies’ Common Seawater Supply Project (CSSP) is essential for oil field water injection, crucial for maintaining reservoir pressure and sustaining oil production. By processing seawater for injection, the project will free up freshwater for agriculture in water-stressed regions. The CSSP is vital for Iraq’s future as a top crude oil producer.

The CSSP is a linchpin for Iraq’s oil production growth plans, aiming to boost output to 13 million bpd by 2017. Untapped reserves could significantly increase Iraq’s oil reserves, potentially making it the world’s top crude oil producer. The project plays a crucial role in Iraq’s energy strategy and long-term oil production goals.

Read more at Yahoo Finance: First Phase Of Game-Changing Iraq Project To Start Early Next Year