An initial agreement signed with fanfare and subsequent controversy last fall between Iraq’s South Gas Co. and Royal Dutch Shell is three months away from being finalized, a key Iraqi Parliamentarian said.
Ali Belo, chairman of the Parliament’s Oil & Gas Committee, said negotiations continue between Shell and the Ministry of Oil to create a joint venture aimed, at least in part, at capturing and utilizing the massive amounts of natural gas being flared in Basra.
“Nothing has been s…
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