TotalEnergies SE (TTE) Announces the Start of Construction of the Final Two Major Components of Its $10-Billion Gas Growth Integrated Project (GGIP) in Iraq

TotalEnergies SE (NYSE:TTE) is one of the 11 Cheap Clean Energy Stocks to Buy Right Now.

On September 15, 2025, TotalEnergies SE (NYSE:TTE) announced the start of construction of the final two major components of its $10-billion Gas Growth Integrated Project (GGIP) in Iraq: Common Seawater Supply Project and the Full Field Development of the Ratawi oil field. While collaborating with Basra Oil Company and QatarEnergy, the company aims to replace freshwater with 5 million barrels per day of treated seawater for oilfield pressure maintenance, freeing up about 250,000 cubic meters of freshwater daily for agriculture.

The Ratawi development is projected to reach 210,000 barrels per day by 2028 with no routine flaring. Furthermore, all 160 million cubic feet per day of associated gas will be captured and processed to power plants generating about 1.5 GW of electricity, which is enough for 1.5 million Iraqi households. TotalEnergies SE (NYSE:TTE)’s Chairman and CEO, Patrick Pouyann,e stated that the first phase of the associated gas, oil, and solar projects will begin operations in early 2026.

TotalEnergies SE (NYSE:TTE), a French multi-energy company, produces and markets oil, natural gas, biofuels, biogas, low-carbon hydrogen, renewables, and electricity. It is one of the Best Clean Energy Stocks.

While we acknowledge the potential of TTE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 11 Best Roth IRA Stocks to Invest in Now and 12 Best Uranium Stocks to Buy Right Now.

Disclosure: None.