Iraq’s massive Total oil deal heralds new revenue-sharing formula

Iraq secured its $27 billion oil deal with France’s TotalEnergies last week by offering quicker, less risky payback through greater revenue-sharing, a model it could replicate in the future to lure investors. Foreign investment in Iraq’s energy sector has fizzled out since a flurry of post U.S.-invasion deals over a decade ago, with Exxon Mobil, Shell and BP all … Read more

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