Nov 28, 2010

Final draft of Shell's Iraq gas deal in 10 days



The final draft of Iraq’s multibillion-dollar deal with Royal Dutch Shell to capture flared gas at its southern oilfields would be completed within 10 days, a senior Iraqi oil official said. 
The $12 billion deal, which includes Japan’s Mitsubishi, involves capturing associated natural gas produced at fields near the oil hub of Basra, including Rumaila.
“We are confident the final draft will be completed within a week, 10 days maximum,” Deputy Oil Minister Ahmed al-Shamma told reporters at an oil conference in Basra.
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Source: Business Standard

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