Iraq OKs Preliminary Gas Deal With Shell

9 September 2008 The Iraqi cabinet on Sunday approved a preliminary gas deal between Royal Dutch and South Gas Co. (SGC), giving the green light for detailed negotiations on a final deal expected next year, Iraqi and industry sources said. The deal is a nonbinding heads of agreement (HOA) to establish a joint venture to gather and process associated gas now being flared from Basrah region oil fields in the…

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…