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Posts on ‘November 15th, 2011’

Iraqi Cabinet Approves Royal Dutch Shell’s Natural Gas Contract

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Published: November 15, 2011

BAGHDAD — Iraq’s cabinet approved a multibillion-dollar contract on Tuesday for Royal Dutch Shell, the Anglo-Dutch energy giant, to collect the vast amount of natural gas emitted, and currently burned off, as oil is pumped to the surface at three major oil fields in the south.

The project, which will eventually greatly reduce Iraq’s greenhouse gas emissions, is intended to bring modern methods of managing oil fields to an industry frozen in time by sanctions and the war. In addition, it strengthens Shell’s foothold at a time when international petroleum companies are vying for advantage in one of the few regions of the world where easily accessible, on-land fields are opening to new investment. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Iraq Approves $17 Billion Contract for Gas Capture With Shell, Mitsubishi

By Nayla Razzouk – Nov 15, 2011 12:16 PM GMT

Iraq’s cabinet approved a $17 billion contract with Royal Dutch Shell Plc (RDSA) and Mitsubishi Corp. (8058) for the capture of natural gas at three oil fields in the south of the country, a government spokesman said.

“The government has a 51 percent stake in the partnership, and the companies 49 percent, including 44 percent for Shell and the rest for Mitsubishi,” Ali Al-Dabbagh said today by telephone from Baghdad. “The agreement is for 25 years.” read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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