French giant signs mega deals with Iraq for oil, gas, water

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BAGHDAD (AP) — French energy giant Total has signed mega contracts with Iraq worth $27 billion to develop oil fields, natural gas and a crucial water project. Officials say Monday they will be key for oil-rich Iraq to maintain crude output. The deals were inked Sunday with Prime Minister Mustafa al-Kadhimi in attendance, according to an Oil Ministry statement. Total signed contracts with the ministry to develop the Ratawi oil field in southern Iraq, a gas processing hub to capture natural gas from five southern oil fields, and a much needed project to treat Gulf seawater and inject it into reservoirs to maintain oil production levels.

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