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OIL AND GAS
Iraqi PM to vist France for energy and security talks
by AFP Staff Writers
Baghdad, Iraq (AFP) Jan 25, 2023

Iraqi Prime Minister Mohammed Shia al-Sudani will travel to France on Thursday for energy and security talks with President Emmanuel Macron, he told AFP.

Sudani, in written answers to AFP, said he wants to "activate the agreements" between oil-rich Iraq and France "particularly in the transport, energy and investment sectors".

French giant TotalEnergies in 2021 signed a $10 billion contract with Baghdad, but work on the multiple projects is yet to begin.

They include construction of oil and gas processing facilities with the capacity for electricity production, along with a one-gigawatt photovoltaic power plant.

Despite being home to a wealth of hydrocarbon reserves, Iraq's neglected electricity grid is dilapidated and a victim of the country's rampant corruption, with power cuts lasting for hours.

Neighbouring Iran currently supplies a third of Iraq's gas and electricity, and Baghdad is seeking greater energy independence.

Sudani's coalition government, formed in October, is supported by pro-Iranian parties, which hold a majority in Iraq's parliament.

Macron is particularly invested in Iraq, having twice visited the country since taking office in 2017, and last month told a regional conference in Jordan that Baghdad should embark on a path not "dictated from outside."

Security will also be discussed, with Sudani saying talks will include "training and development of Iraqi security capabilities, as well as in the field of arms purchases".

Baghdad has also taken a role as a mediator between regional rivals Iran and Saudi Arabia, after diplomatic relations between the countries froze in 2016.

The last meetings took place in April and Sudani, although unable to say when talks might resume, said he felt that Iran and Saudi Arabia are "ready to resume dialogue".

ak-gde/noc/pjm

TotalEnergies


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OIL AND GAS
UK's Royal Opera House ends 33-year BP funding deal
London (AFP) Jan 25, 2023
The UK's Royal Opera House announced on Wednesday that it had ended its 33-year sponsorship deal with energy giant BP following pressure and protests from environmentalists. The London cultural institution said in a statement to AFP that it was "grateful to BP for their sponsorship over 33 years... but agreed that the partnership would not extend beyond December 2022, when BP's contract came to an end". The oil firm was the sponsor of the opera house's "BP Big Screens", which beamed live opera s ... read more

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