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Shell pulls out of Kurdistan oil talks – FT

LONDON | Wed Nov 16, 2011 7:39pm EST

Nov 17 (Reuters) – Royal Dutch Shell Plc has pulled out of oil-development talks with the Kurdistan regional government in an effort to protect lucrative investments in southern Iraq, the Financial Times reported on Thursday.

The newspaper cited people familiar with the discussions as saying Baghdad is seeking to impose a de facto ban on companies operating in Kurdistan, a semi-autonomous region in northern Iraq.

Over recent days Iraqi government officials have threatened to cancel an existing oil field contract with Exxon Mobil Corp and on that basis, Shell’s move is precautionary to protect a potential $17 billion natural gas deal, according to the FT’s sources. read more

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Shell pulls out of Kurdistan oil talks

FINANCIAL TIMES

November 16, 2011 10:05 pm

By Sylvia Pfeifer and Javier Blas in Erbil, northern Iraq

Royal Dutch Shell has pulled out of oil-development talks with the Kurdistan regional government in an effort to protect lucrative investments in southern Iraq, including a potential $17bn natural gas deal.

FULL FT ARTICLE

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.