Final deal still far down the road
Iraq’s Oil Ministry has inked an initial agreement with Royal Dutch Shell to establish a company aimed at utilizing natural gas currently being burned off in Basra province, Ben Lando reports for United Press International.
The Heads of Agreement, as Shell officials describe it, is a preliminary legal step to an eventual joint venture with the South Gas Co., one of the state-owned oil and gas firms controlled by the Oil Ministry.
“We’ve in the very, ve…
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