TotalEnergies Announces Plan to Expand Oil and Gas Investment in Iraq

TotalEnergies CEO Patrick Pouyanne said on Monday, September 14, 2026 (23 Shahrivar 1405), in a meeting with Iraqi Prime Minister Ali Falih al Zaidi in Paris, that the French company plans to raise its investment in Iraq from $12 billion to $16 billion. According to Shafaq News, Pouyanne expressed readiness to expand cooperation across Iraq's oil and energy sectors, with the meeting focused mainly on the company's strategic projects, particularly in the gas sector.

Per Shafaq News, al Zaidi outlined government plans to expand the use of associated gas to achieve self sufficiency and raise Iraq's crude oil production capacity to 10 million barrels a day over the next five years. TotalEnergies already holds stakes in Iraq's Basra Gas Growth Integrated Project and the associated gas capture project at the Artawi oilfield.