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TotalEnergies SE ( (FR:TTE) ) has issued an update.
TotalEnergies, alongside its partners, has begun constructing the ArtawiGas25 project in Iraq, part of the Gas Growth Integrated Project (GGIP), which aims to process 50 million cubic feet per day of previously flared gas to supply local power plants. This initiative, which is expected to significantly reduce gas flaring by 2025, is part of a broader $10 billion investment designed to improve Iraq’s electricity supply and energy infrastructure, creating local jobs and potentially setting a precedent for similar projects in the region.
More about TotalEnergies SE
TotalEnergies is a global integrated energy company involved in the production and marketing of various forms of energy, including oil, biofuels, natural gas, green gases, renewables, and electricity. With a focus on sustainability, it operates in approximately 120 countries, striving to provide reliable, affordable, and sustainable energy solutions.
YTD Price Performance: 4.84%
Average Trading Volume: 2,803,166
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €125.8B
See more insights into TTE stock on TipRanks’ Stock Analysis page.
