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.
Natural Gas
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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.
