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.
Gas flares burn at the northern Kirkuk Oil field on Jan. 6, 2010. (MARWAN IBRAHIM/AFP/Getty Images)
BAGHDAD - 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 and then to agree about (contract) versions."
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