Empowering Iraq: The $27 Billion Deal for Iraq''s
Without domestic reforms to address the underlying causes of the energy crisis, Iraq''s journey towards achieving energy self-sufficiency
However, the path to energy sufficiency remains a considerable challenge for Iraq even with regional aid. Without domestic reforms to address the underlying causes of the energy crisis, Iraq's journey towards achieving energy self-sufficiency is still a considerable distance away.
Foreign help is not enough to fix energy issues, domestic reform is necessary. This past July, Iraq and France's TotalEnergies finalized the Gas Growth Integrated Project, a $27 billion energy deal aimed at Iraq's natural resources and improving the country's electricity supply.
Power outages are part of daily life in Iraq, but older generations can vividly recall a bygone era under the previous regime when electricity was stable and consistent. Before the 1980s, Iraq boasted one of the most developed energy sectors in the region.
Now, two decades after the 2003 US invasion, Iraq has failed to see improvements in the electricity infrastructure. Although the disparity between supply and demand is widening due to population increase and rising temperatures, corruption remains the largest obstacle to a reliable electricity grid.
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