Iraq optimistic on delayed Shell gas deal

A top Iraqi oil ministry official says the 3-year talks on a joint venture with Shell to capture flared gas may end next week.
Iraq optimistic on delayed Shell gas deal
Gas flares burn at the northern Kirkuk Oil field on Jan. 6, 2010. (MARWAN IBRAHIM/AFP/Getty Images)

An effort by Iraq and Royal Dutch Shell to end the polluting practice of burning 700 million standard cubic feet of associated gas a day in Basra province has been in the works since at least 2008, but a top Oil Ministry official says negotiations to establish a joint venture company may be coming to a close."This week we will receive details from Shell," said Deputy Oil Minister Ahmad al-Shamma. "Next week there will be a meeting between the lawyers of both sides to crystallize an opinion a...

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