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Shell, Iraq to sign $4bn deal
- Iraq: Tuesday, September 09 - 2008 at 11:01
Royal Dutch Shell is expected to sign a $4bn deal with the Iraqi government next month to capture and use natural gas in the area of Basra, reported the UK's financial Times. The deal, will be run as a joint venture with Shell taking 49% and the oil ministry 51%, would be the first between a first Western oil company and the Iraqi government since the 2003 US-led invasion.
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Jeff Florian, Senior ReporterTuesday, September 09 - 2008 at 11:01 UAE local time (GMT+4)
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