Iraq to Set Up Second Regional Oil Firm

18 July 2008 Iraq plans to push ahead with development of oil fields in the Nassiriyah area of southern Iraq in the next few years in order to achieve the 100,000 barrels per day of production set as the benchmark for establishing a regional oil company, Oil Minister Hussein al-Shahristani says. The company would be similar to the one recently announced for Missan, also in the south. “We are speeding…

Shell Official in Baghdad for Gas Talks

13 June 2008 A top-ranking Royal Dutch Shell official is in Baghdad this week to discuss a heads of agreement to establish a joint venture to invest in Iraq’s gas sector and process associated gas from southern fields for domestic and export markets, an Iraqi oil source told International Oil Daily Thursday. The talks, the first held in the Iraqi capital by a senior international oil company executive since 2003,…

Shell, Iraq Push on With JV Gas Talks

6 June 2008 The Iraqi oil ministry and Royal Dutch Shell will launch a second round of talks in Damascus next week on establishing a joint venture in southern Iraq to exploit associated gas, a ministry source in Baghdad told International Oil Daily Thursday. The talks follow a first round of negotiations in late May aimed at concluding a heads of agreement this summer. The Anglo-Dutch supermajor submitted proposals to…