Royal Dutch Shell Plc  .com Rotating Header Image

Iraq approves preliminary gas deal with Shell


Iraq approves preliminary gas deal with Shell

Sun Sep 7, 2008 9:56am EDT

BAGHDAD, Sept 7 (Reuters) – The Iraqi cabinet has approved a preliminary natural gas deal between Royal Dutch Shell (RDSa.L: QuoteProfileResearch,Stock Buzz) and the state-run South Oil Company, the government spokesman said on Sunday.

Spokesman Ali al-Dabbagh said in a statement that “the cabinet had approved a preliminary agreement with Shell company for investment in flaring gas in Basra province in a partnership between Shell and the South Oil Company.”

Iraq said earlier this year that Shell had submitted a proposal to develop Iraq’s natural gas resources, planning to supply the local market and export through its southern ports or through a pipeline.

Iraq, with the world’s third largest proven oil reserves, has said it will prioritize development of its southern gas reserves and could become a major supplier to Europe.

Oil Minister Hussain al-Shahristani, in an interview with Iraqiya state-run television broadcast on Sunday, said a major natural gas contract would soon be announced.

“The negotiations lasted for six months, and will achieve for Iraq what was beyond expectations,” Shahristani said.

Shell has also been in talks with Iraq on a short-term technical service oil contract, one of half a dozen Iraq has said it hopes to finalise before it brokers long-term deals to exploit its massive, easily accessible oilfields. (Reporting by Ahmed Rasheed and Mohammed Abbas; Writing by Missy Ryan; Editing by Quentin Bryar)



The Secret Deal For Iraq’s Oil
TPR: The Public Record
Iraq’s oil taken
Andrew Bolt –
Views in these blog posts are those of the author and not of Reuters.
This website and sisters,,,, and, are owned by John Donovan. There is also a Wikipedia segment.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each blog member is allowed limited comments, as displayed above the comment box.
  • Comments must be limited to the number of words displayed above the comment box.
  • Please limit one comment after any comment posted per post.