IRAQ : Shell inks new energy deal with Iraq.
It will gather gas from three major oil fields in Basra province, where 700 million cubic feet per day of gas is burned off due to the lack of infrastructure. The oil major has inked many deals already to form oil and gas resources in Iraq.
The new venture will be known as Basra Gas Company, with Iraq holding a 51% stake, Royal Dutch Shell's 44% and Mitsubishi 5%.
2012 Al Bawaba (Albawaba.com)
Provided by Syndigate.info an Albawaba.com company
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|Title Annotation:||Royal Dutch Shell PLC|
|Article Type:||Brief article|
|Date:||Dec 1, 2011|
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