SHARJAH, United Arab Emirates, April 16 (Reuters) - Iraq's parliamentary oil and gas committee is seeking to revoke a multi-billion dollar gas deal signed by the oil ministry and Royal Dutch Shell ( RDSA - news - people) last year, the committee's secretary said on Thursday.
April 16th, 2009:
INTERVIEW-Iraq MPs seeking to revoke Shell gas deal
China secures 1st spot LNG cargo from Russia-sources
Shell Chief Executive Jeroen van der Veer said at least four LNG shipments had sailed from Sakhalin to various destinations since late last month.
Iraq: the legacy – Basra’s failed oil bonanza
. As recently as the middle of February, 32 foreign oil companies including Shell and BP met the Iraqis in Istanbul and asked them to come up with more favourable terms for the southern fields, which hold as much as 40bn barrels of recoverable oil, around a quarter of the country's total. Predictions of a final deal in June now look optimistic.
Battle Over Offshore Drilling In Arctic Dwarfs ANWR
The biggest lease of the most recent sale went to Shell Gulf of Mexico, which spent $105 million for rights in the Chukchi Sea. Shell already had bought leases even further north and was ready with rigs when then-President George W. Bush lifted the ban on drilling along the Outer Continental Shelf.