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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Iraq's $27 Billion Total Deal Stuck Over Contract Wrangling

The logo of French oil and gas company Total is seen at La Defense business district in Courbevoie near Paris, France, February 8, 2021. REUTERS/Sarah MeyssonnierREUTERS

A $27-billion deal between France’s Total and Iraq, that Baghdad hoped would reverse the exit of oil majors from the country, has stalled amid disputes over terms and risks being scrapped by the country's new government.

Iraq has struggled to attract major fresh investments into its energy industry since signing a flurry of post US-invasion deals over a decade ago, Reuters reported.

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