Iraq's Kurdish region is meeting nearly all its power needs by investing in natural gas fields – and, in a strategic calculation, it's willing to share.
Energy
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After years of negotiations, Shell inks a 25-year gas company joint venture with Iraq, making it the largest investor in the country's oil sector.
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Days before Shell and Iraq are to formalize a new gas company, Basra's local government has voted to file a lawsuit challenging the deal.
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A final signing could come as early as next week, after Iraq's Cabinet approved Shell's deal to capture billions of dollars' worth of associated gas that is currently flared in Basra.
New power minister promises review
Abdul Karim Aftan pledges a thorough review of senior staff and all ongoing projects, as the Electricity Ministry reels from outcry over corruption allegations and inadequate power supply.
- Corruption court seeks ex-electricity minister's arrest
- After contracting debacle, Shahristani to head Electricity Ministry
- Maliki officially requests Electricity Minister resignation
- Electricity Ministry defiant as investigation begins
- Power deals could lead to minister's ouster
Wasted money, global concern over Iraq's persistent gas flaring
The World Bank says Iraq's burning of associated gas is an environmental catastrophe that could erase progress made worldwide.
- Akkas deal finally signed
- Exclusive: the Shell gas deal contract
- The secret history of the Shell gas deal
- Shell gas deal gets initial OK, including exports
- Iraq increases reliance on Iranian energy
