“These agreements signal our return through the front door to Iraq, the country where our company was born in 1924,” said TotalEnergies CEO Patrick Pouyanné. “Our ambition is to assist Iraq in building a more sustainable future by developing access to electricity for its people through a more sustainable use of the country’s natural resources,” 彼が追加した.
合計 renamed itself TotalEnergies earlier this year to symbolize the company’s push into renewable energies
. 1月に, it became the first major oil company to quit the American Petroleum Institute
, a powerful oil lobby group
, over its position on the climate crisis
Its investments in Iraq do not represent a total departure from oil, しかしながら. The Paris-based company is aiming to increase oil production at one oil field from 85,000 barrels per day to 210,000 barrels per day, according to a statement from Iraq’s prime minister Mustafa Al-Kadhimi.
一緒に, Total is committing $ 27 billion to the projects in capital investment and running costs over 25 年.
Pouyanné said the projects demonstrated TotalEnergies’ ambition to support oil producing countries in their energy transition by combining the production of natural gas and solar energy to meet the growing demand for electricity.
“It also demonstrates how TotalEnergies can leverage its unique position in the Middle East, a region where the lowest-cost hydrocarbons are produced, to gain access to large-scale renewable projects,” 彼が追加した.
The collapse in oil prices caused by the Covid-19 pandemic slammed Iraq’s economy — which depends on oil for 90% of government revenues — causing GDP to contract by 11%, according to the International Monetary Fund. That has increased poverty rates and fueled social unrest.
In an opinion piece published by 保護者 newspaper last week
, Iraq’s Finance Minister Ali Allawi joined Fatih Birol
, executive director of the International Energy Agency
, in calling for the world to produce less coal
, oil and gas
. But the energy transition had to include support for fossil-fuel producing countries to avoid undermining the stability of global energy markets
“If oil revenues start to decline before producer countries have successfully diversified their economies, livelihoods will be lost and poverty rates will increase,” 彼らは言った.