U.S. sanctions | Egypt Oil & Gas

Iraq to Pay $2.76B in Gas, Electricity Debt to Iran

After securing a sanctions waiver from the United States, Iraq agreed to pay Iran $2.76 billion in gas and electricity debt, a senior official in the Iraqi foreign ministry said, Reuters added.

Total Seeks Up to $15 Billion in Chinese Funds for Russian Project

Total SA is seeking the equivalent of up to $15 billion in Chinese financing to fund its expansion in Russia, its chief executive said, as U.S. sanctions complicate the French oil giant’s big bet there.

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