Shell’s continued re-entry into Iraq

Iraq Oil Report spoke to Mounir Bouaziz, Shell’s vice president for Middle East & North Africa, about what it will take to truly secure oil and gas investments in Iraq.

BAGHDAD - Royal Dutch Shell, the Big Oil behemoth that was once part of an international oil cartel controlling Iraq’s oil reserves, has changed its tune in its attempt to regain a foothold into the world’s most lucrative oil reserves.

Shell, like many of the hopeful foreign oil companies, provided free training services to the Iraqi Oil Ministry staff after 2003. It also handed over a two-part study and master plan for the natural gas reserves, from which it has based its negotiations for a Basra-based joint venture with Iraq’s state-owned South Gas Company.

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