Royal Dutch Shell Plc  .com Rotating Header Image

Shell makes move into Iraq

FT Home

Shell makes move into Iraq

By Ed Crooks

Published: September 23 2008 03:00 | Last updated: September 23 2008 03:00

Royal Dutch Shell has opened an office in Baghdad as Europe’s biggest energy company became the first western oil major to sign a deal with the Iraqi government since the US-led invasion of 2003.

Linda Cook, Shell’s head of gas and power, was in Baghdad yesterday to sign a multi-billion dollar agreement to make commercial use of gas currently being flared off in southern Iraq.

The initial agreement is only for a feasibility study and commercial principles for a joint venture between Shell, which would have 49 per cent, and the Iraqi government with 51 per cent. However, the potential is large. The oil-producing region covered by the agreement is 19,000 square km in area and there is 700m cubic feet of gas being burned off every day: the same energy content as about 130,000 barrels of oil per day. Ed Crooks

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

0 Comments on “Shell makes move into Iraq”

Leave a Comment

%d bloggers like this: