Paris (France) (AFP) – France and Iraq on Monday called for a “diversification of export routes” for oil and gas in the Middle East in response to the instability generated by the conflict between the United States and Iran, following talks in Paris.
French President Emmanuel Macron and Iraq’s Prime Minister Ali al-Zaidi stressed the importance of “regional interconnections” and export route diversification to “ensure regional energy security”, in a joint statement. Zaidi visited the Elysee Paris on his first trip to Europe since taking office in May and is also expected in Berlin on Tuesday.
The visit comes as the situation in the Middle East continues to deteriorate, with the Iran-backed Houthi rebels cementing their hold on the Bab al-Mandab strait on Friday, adding to the crisis of Iran’s effective closure of the Strait of Hormuz, and driving oil prices up.
On Monday, French energy giant TotalEnergies signed a memorandum of understanding with Iraq on liquefied natural gas supplies and agreed to discuss further energy projects. TotalEnergies chief Patrick Pouyanne “affirmed the company’s readiness to cooperate with Iraq in the oil and energy sectors”, noting the company planned to increase its investments in Iraq to $16 billion from $12 billion during a meeting with Zaidi.
The two countries, which in recent years have been involved in the fight against the Islamic State (IS) jihadist group, also agreed to deepen defence cooperation. They signed a strategic roadmap on the acquisition of French military equipment as Iraq seeks to modernise its armed forces and strengthen its sovereignty capabilities.
French drone company Harmattan AI separately signed a letter of intent with Iraq’s defence ministry concerning autonomous air-defence systems. Several other agreements were signed in areas including development assistance, education, civil aviation and electricity infrastructure.
© 2024 AFP
