Iraq has extended a memorandum of understanding with Royal Dutch Shell on a natural gas venture in Basra for six months from March 2010, Iraq’s oil minister Hussein Al Shahristani told Reuters on Sunday. “We will resume talks with Shell after the election,” Al Shahristani said after he cast his vote in the country’s second […]
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Reuters reports that talks are still ongoing between Iraq and Royal Dutch Shell on a natural gas deal near the southern oil hub of Basra, although they are taking longer than expected, a senior Iraqi oil official said on Friday. “The heads of agreement will be extended and the project will be presented to the […]
The decision by Iraq , to allow international companies to support the development of productive oil fields, is the most important economic decision taken by the government since 2003. The importance of this step is in increasing the production capacity from 2.5 million bpd currently, to 11 million by the year 2017, an increase of […]
British–Dutch firm, Shell, demanded the Iraqi Oil Ministry to sign the gas investment final contract. “The Ministry delays signing the contract,” Malik Nouri, Shell’s representative in Basra, told Aswat al-Iraq news agency on Tuesday. He said that the contract is extremely important to Iraq, because it brings big amounts of funding to the country.
Royal Dutch Shell’s expansion in Canada’s controversial tar sands will be “very much slower” than in recent years, the company’s new chief executive has said, as the group makes a strategic shift away from high-cost “unconventional” oil production. Peter Voser, who took over at Europe’s second-largest oil and gas group in July, told the Financial […]