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Iraq Signs Final $17.2 Billion Shell Gas Deal

November 28, 2011 by legitgov

Mission accomplished! Iraq Signs Final $17.2 Billion Shell Gas Deal --25-year contract is one of biggest signed by Iraq in past two years 27 Nov 2011 Iraq Sunday signed the final $17.2 billion deal with Royal Dutch Shell PLC and Mitsubishi Corp. to capture and process flared gas from southern Iraqi oil fields, Iraqi and company officials said. The joint venture, which includes Iraqi state South Gas Co., is expected to help Iraq make use of more than 700 million cubic feet a day of gas that is being burned and help generate much-needed electric power.

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