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Macron visit feeds hopes of breakthrough for Total deal

The French president's second trip to Iraq in less than a year could potentially help push a massive energy deal across the finish line for TotalEnergies.
Iraqi Prime Minister Mustafa al-Kadhimi (left) meets French President Emmanuel Macron in Baghdad in September 2020. (Photo credit: Prime Minister's Office)

French President Emmanuel Macron’s impending visit to Iraq is raising expectations that TotalEnergies could be close to finalizing a multi-billion-dollar energy deal it has been negotiating since April.

"We have secured the terms and the reference on the contract. We've agreed with Total on the economic model," said Iraqi Oil Minister Ihsan Ismaael, in a July interview with Iraq Oil Report, expressing optimism that the final signing "should happen before September."

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