KOGAS, the Korea Gas Corporation, will double its commitment to develop Iraq's Akkas gas field, according to a report from the Wall Street Journal. The move follows the withdrawal of its partner, Kazakhstan state gas company KazMunaiGas, from the project. Kogas, will now have a 75% stake in one of Iraq's largest gas projects, up […]
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Gas Gathering
Shell Boss Expects Iraqi Gas Deal 'Soon'
Oil giant Shell hopes its plan to use the huge amount of associated gas expected to come from Iraq's oil output growth over the next decade will be approved soon, the company's chief executive Peter Voser said on Tuesday According to the report from Reuters, he did not clarify what he meant by 'soon'. "We […]
Shell Gas Venture Delayed by Legal Issues
Dow Jones reports that legal difficulties could delay the $12 billion joint venture deal with Shell and Mitsubishi capture and market natural gas from Iraq's southern oil fields, possibly for months. The deal is a joint venture with Shell holding 44% of the project, Mitsubishi 5%, and Iraqi state South Gas Co. the remaining 51%. […]
Iraqi Cabinet to Review Shell Gas Deal
A multi-billion-dollar gas deal between Iraq and Royal Dutch Shell will be presented for ratification to the new cabinet once it has been formed, Iraq's Oil Minister said. "We are still negotiating the contract," Hussain Al Shahristani said after a graduation ceremony for the oil police, according to a report from Trade Arabia. The $12 […]
Tags: gas gathering, KazMunaiGas, KOGAS Iraq News, Mitsubishi, Shahristani, Shell, South Gas Company
Shell Gas Extraction Plant Announced in Basra
The Iraqi Oil Ministry announced on Tuesday plans to establish a natural gas extraction company in Basra in collaboration with Shell, according to reports from AKnews. Ministry spokesman Assem Jihad told the agency that the joint venture would extract the gas from the fields in Basra to power electrical generators. "The company will seek to […]
Iraq Plans Power Boost After Gas Fields Auction
Iraq plans to boost power capacity to 27,000 megawatts in four years after opening its gas sector with a contract awarded to Royal Dutch Shell, this will need an investmnt of at least $3 billion to $4 billion per year, Iraq’s Electricity Minister Karim Waheed told Reuters on Sunday.
Iraq Sends Shell Gas Deal to Cabinet for Approval
Iraq's oil ministry has sent the final draft of a gas deal with Royal Dutch Shell to cabinet for approval, Iraq's Oil Minister said on Thursday.
Tags: gas gathering, Shell
Iraq to Launch 3rd Gas Field Auction
"The product of these fields will initially be used to supply electricity stations and for other domestic needs, with the rest to be exported. The ministry hopes that Iraq will reach the level of other gas producers in the region."
Shell Holds Talks on Iraq Plan to Capture, Sell Gas
Royal Dutch Shell Plc, which won contracts last year to develop two Iraqi oilfields, is still in talks on a plan to capture and sell natural gas there, the company’s Middle East vice president for new business said.
Tags: gas gathering, Shell