The Iraqi council of ministers has finally given its final stamp of approval today for the first gas deal of its kind in Iraq’s energy history based on the agreement initialized on July 12 between Royal Dutch Shell, Mitsubishi and South Gas Co, to capture and process flared gas in southern Iraq. This deal would put Iraq on the global gas map, something long due in view of the country’s…
Tag: master gas plan
Iraq, Shell Target Summer Gas JV Deal
30 April 2008 The Iraqi oil ministry and Royal Dutch Shell aim to sign a preliminary agreement this summer to establish a joint venture to exploit associated gas and channel it for domestic use and export for at least 20 years, Iraqi and industry sources told International Oil Daily this week. Plans include building LNG export facilities. Industry sources estimate investment of $2 billion-$5 billion would be required over the…
Shell Pursues Natural Gas Deal With Iraq
6 March 2008 Royal Dutch Shell has submitted a proposal to the Iraqi oil ministry to produce about 500 million cubic feet per day of gas from major southern oil fields where most associated gas is now flared, Iraqi and industry sources told International Oil Daily this week. The proposal is independent of the two-year technical support contract Shell is negotiating with the ministry to boost output by 100,000 barrels…
Iraq: Shell’s Entry Plan
2 May 2008 Royal Dutch Shell has never been shy when considering Iraq’s huge potential. Even when the country was under UN sanctions, company officials quietly traveled to and from Baghdad, fostering relations with oil ministry officials. Since the US-led invasion of 2003, it has pursued opportunities more aggressively, with a three-pronged strategy targeting the upstream in the north and south, and the gas sector. Now, Shell is seeking to…