Tag Archives | Mitsubishi

Shell/Mitsubishi Iraq Gas Deal Delayed

The Iraqi cabinet has delayed finalising a multibillion-dollar deal with Anglo-Dutch giant Royal Dutch Shell and Japan’s Mitsubishi to capture gas from Basra’s oilfields because of legal issues related to the joint venture, AKnews reports. The cabinet already approved the planned $12 billion investment in June, but it is now waiting to sign the final […]

Iraq to Export Gas by 2015

Further to the gas deal signed with Shell and Mitsubishi (see our report here), BusinessWeek reports an Iraqi government spokesman as saying that gas output will probably exceed the nation’s domestic demand for power generation by 2015 or 2016, allowing the country to export gas in liquid form. Natural gas is produced as a by-product […]