{"id":75780,"date":"2023-01-30T02:00:56","date_gmt":"2023-01-30T02:00:56","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/01\/30\/iraq-and-france-to-boost-cooperation-in-renewables-qatar-eyes-a-stake-in-iraqi-energy-projects\/"},"modified":"2023-01-30T02:00:56","modified_gmt":"2023-01-30T02:00:56","slug":"iraq-and-france-to-boost-cooperation-in-renewables-qatar-eyes-a-stake-in-iraqi-energy-projects","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/01\/30\/iraq-and-france-to-boost-cooperation-in-renewables-qatar-eyes-a-stake-in-iraqi-energy-projects\/","title":{"rendered":"Iraq and France to boost cooperation in renewables + Qatar eyes a stake in Iraqi energy projects"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a><strong> Iraq and France have inked agreements as part of a strategic roadmap to expand <\/strong><strong>cooperation in renewable energy among other sectors<\/strong>, according to a <a href=\"https:\/\/www.elysee.fr\/emmanuel-macron\/2023\/01\/27\/communique-conjoint-a-lissue-de-la-visite-en-france-du-premier-ministre-de-la-republique-dirak-mohammed-chia-al-soudani\">statement<\/a> released on Friday. Iraqi Prime Minister Mohammed Shia al-Sudani and French President Emmanuel Macron met in Paris on Thursday to discuss expanding cooperation in energy and public transportation, among other sectors, the statement said.<\/p>\n<p><strong>Strengthening ties: <\/strong>France organized the <a href=\"https:\/\/enterprise.press\/stories\/2022\/12\/21\/egypt-rejects-foreign-interference-in-iraq-el-sisi-tells-middle-east-summit-91916\/\">Baghdad Conference for Cooperation and<\/a><a href=\"https:\/\/enterprise.press\/stories\/2022\/12\/21\/egypt-rejects-foreign-interference-in-iraq-el-sisi-tells-middle-east-summit-91916\/\">Partnership<\/a> \u2014 the second of its kind \u2014 in Jordan last month to provide international support to the country in terms of security, economic integration, and stability, the <a href=\"https:\/\/saudigazette.com.sa\/article\/628190\/World\/Jordan-King-Baghdad-Cooperation-Conference-aims-to-support-Iraq-sovereignty\">Saudi Gazette<\/a> quoted Jordan\u2019s King Abdullah II as saying.<\/p>\n<p><strong>Iraq needs USD bns to boost green growth:<\/strong> Baghdad faces <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/404b6beb-6c14-4cc2-bd14-25532d0885c0\">desertification<\/a>, <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9fbd593d-b6c0-4f94-b102-80181d081c22\">food insecurity<\/a>, and systemic <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d2e8ee1c-8620-43f3-bea6-d34695ae0b7c\">central power network failures<\/a>, as well as geopolitical obstacles hindering its development. Iraq needs some USD 233 bn additional investment by 2040 to pursue its green growth path, according to a World Bank <a href=\"https:\/\/ent.news\/2022\/12\/4022.pdf\">report (pdf)<\/a>. The country must diversify its oil-reliant economy in the face of climate change-driven challenges, the report said.<\/p>\n<p><strong>Some moves have been made:<\/strong> Several Chinese companies submitted proposals to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/03b4f27d-0f3b-4687-a18b-b1e435570e35\">develop<\/a><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/03b4f27d-0f3b-4687-a18b-b1e435570e35\">wind and solar facilities<\/a> in the country last month. Iraq\u2019s Environment Ministry and National Investment Commission are also preparing <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/03b4f27d-0f3b-4687-a18b-b1e435570e35\">a new solid waste-to-energy law<\/a> to attract investments.<\/p>\n<p><strong>And other unspecified ventures:<\/strong> The Iraqi government approved a plan earlier this month to establish a <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/28059d91-a333-4e8e-904a-b719a3a2d12a\">USD 3 bn unspecified energy facility<\/a> that would more than quadruple the southern governorate of Dhi Qar\u2019s generation capacity to 3.85 GW from 850 MW.<\/p>\n<p><strong>France is also interested in cooperation on renewables:<\/strong> The Elys\u00e9e wants to enhance cooperation with the kingdom in the field of renewable energy and hydrogen, French Finance Minister Bruno Le Maire told <a href=\"https:\/\/www.alarabiya.net\/aswaq\/special-stories\/2023\/01\/29\/%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF-%D8%A7%D9%84%D9%81%D8%B1%D9%86%D8%B3%D9%8A-%D9%84%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D8%AA%D8%B9%D8%B2%D9%8A%D8%B2-%D8%A7%D9%84%D8%AA%D8%B9%D8%A7%D9%88%D9%86-%D9%85%D8%B9-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D8%B6%D8%B1%D9%88%D8%B1%D9%8A-%D9%81%D9%8A-%D8%A7%D9%84%D8%B7%D8%A7%D9%82%D8%A9-%D8%A7%D9%84%D9%85%D8%AA%D8%AC%D8%AF%D8%AF%D8%A9\">Al Arabiya<\/a> yesterday. The minister also signaled interest in attracting more investments from Saudi companies in France.<\/p>\n<p><strong>IN OTHER NEWS- Qatar might be eyeing a stake in Iraqi energy projects:<\/strong> QatarEnergy could acquire a 30% stake in a USD 27 bn cluster of energy projects in Iraq owned by France\u2019s TotalEnergies, <a href=\"https:\/\/www.reuters.com\/business\/energy\/qatar-talks-join-totalenergies-27-bln-iraqi-energy-project-sources-2023-01-25\/\">Reuters<\/a> reports, citing unnamed sources with knowledge of the matter. The agreement reportedly includes the development of a 1 GW photovoltaic power plant, according to <a href=\"https:\/\/www.rfi.fr\/en\/international\/20230126-iraqi-prime-minister-meets-macron-in-paris-for-energy-and-security-talks\">RFI<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Iraq and France have inked agreements as part of a strategic roadmap to expand cooperation in renewable energy among other sectors, according to a statement released on Friday. Iraqi Prime Minister Mohammed Shia al-Sudani and French President Emmanuel Macron met in Paris on Thursday to discuss expanding cooperation in energy and public transportation, among other [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":75781,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[379],"tags":[635,11,215,39,208,163,88],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-75780","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-diplomacy","tag-diplomacy","tag-enterpriseclimate","tag-france","tag-green-hydrogen","tag-iraq","tag-qatar","tag-renewables","wpautop","entry"],"acf":{"mongo_id":"79e4af0c-b68f-4b1d-bffb-898325dc3b25","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/11\/6189.jpg","photo_position":"above","related_issue":[75771],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Iraq and France to boost cooperation in renewables + Qatar eyes a stake in Iraqi energy projects - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/30\/iraq-and-france-to-boost-cooperation-in-renewables-qatar-eyes-a-stake-in-iraqi-energy-projects\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Iraq and France to boost cooperation in renewables + Qatar eyes a stake in Iraqi energy projects\" \/>\n<meta property=\"og:description\" content=\"Iraq and France have inked agreements as part of a strategic roadmap to expand cooperation in renewable energy among other sectors, according to a statement released on Friday. 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