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Shell CEO says Iraq gas deal will take time

Reuters

Mon Nov 24, 2008 6:39am EST

LONDON, Nov 24 (Reuters) – Royal Dutch Shell Plc (RDSa.L: QuoteProfile,ResearchStock Buzz)’s Chief Executive said it will take time to conclude a preliminary deal under which the Anglo/Dutch oil major will produce gas in southern Iraq.

“Don’t expect miracles in the first or second quarter,” van der Veer told reporters on the sidelines of the Confederation of British Industry’s annual conference on Monday.

(Reporting by Tom Bergin, writing by Ben Deighton)

© Thomson Reuters 2008 All rights reserved

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