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Shell inks deal for gas venture in Iraq
- Iraq: Wednesday, September 24 - 2008 at 08:17
Iraq signed a multi-billion dollar natural gas deal with Royal Dutch Shell on Monday, reported Reuters. The agreement is between the energy giant and the state-run Southern Gas Company for a joint venture in Basra province in the south. Under the terms of the deal, Iraq will hold 51% in the venture and Shell 49%. The agreement is Iraq's second major energy deal with a foreign firm since the US-led invasion in 2003.
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Jeff Florian, Senior ReporterWednesday, September 24 - 2008 at 08:17 UAE local time (GMT+4)
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