Anatomy of a Deal

(Mr Asri Mousa was one of the main Iraqi negotiators of the south gas utilization project with Royal Dutch Shell and Mitsubishi Corp between 2008 and 2011) Iraq has been, since 2008, negotiating with Royal Dutch Shell to establish a joint gas company to capture flared gas from three giant oil fields in the province of Basra. The joint venture is based on a proposal by Iraq to create a…

Shell’s Upstream Chief Offers His Take on Iraq’s Landmark Bid Round

7 November 2008 Despite its disappointment that Iraqi oil fields it had been studying were opened to international bidding, Royal Dutch Shell says it welcomes the transparent process Iraq has chosen for its first landmark bid round. But the Anglo-Dutch supermajor’s upstream chief, Malcolm Brinded, says he needs to see contract terms before assessing whether the service deals have “long-term robustness” in the absence of a nationwide hydrocarbon law. “It…

Shell Inks Iraqi Gas Deal in Baghdad

23  September 2008 Royal Dutch Shell and Iraq on Monday inked a heads of agreement (HOA) to establish a joint venture to gather, process and market associated natural gas from southern Iraq, and plan to sign a definitive multibillion-dollar deal within a year, Iraqi and industry sources said. Officials from Shell’s gas and power division, headed by Executive Director Linda Cook, traveled to Baghdad on Monday for the signing ceremony,…

Iraqi Oil Veteran to Oversee South

10 September 2008 Iraqi Oil Minister Hussein al-Shahristani has confirmed the former director-general of South Oil Co. (SOC), Jabbar al-Luaibi, as an advisor with the authority to oversee oil projects in southern Iraq, according to a ministerial order issued last week, a copy of which was obtained by International Oil Daily. Al-Luaibi was removed from his post in May and appointed special adviser in what analysts suspected was a power…