By John Lee.
Shell‘s commercial general manager for Iraq, Arne de Kock, has told Reuters that two key hurdles must be cleared before the company can move forward with its giant gas capture project in southern Iraq.
But he added that he was “optimistic” the government’s Council of Ministers will sign off on the issues of asset transfers and land leases.
“We want to make sure we have all the commercial legalities in place before we proceed”, said Kock.
Along with Mitsubishi, the company finalised an agreement with Baghdad late last year for the $17-billion Basra gas project, which is intended to handle 2 billion cubic feet per day by 2017.