Under the Ministry of Oil: Politics may delay gas deal with Shell
PostDateIcon September 05 / September 2009 15:04
This month in Iraq was to put the final touches on an agreement with Shell to create a partnership with the South Gas Company of Iraq, which is one of 16 state-owned company run by the Ministry of Oil, the task of collection and use of natural gas are burned in the province of Basra. This was announced by the Deputy Minister of Oil Chandler Ahmed.
But he added: "I feel that the political environment is not ready for that now."
"Today, just four months before the elections and major national, where the period will be preceded by a highly sensitive and the result can drastically change in the orientation of the government, not necessarily to be the time to sign such a contract."
The Under Secretary of oil during an interview, "This does not mean that the government, a government, is not ready to move forward on this project. It is willing to see an early agreement and to see an improvement in the early of gas and gas imports"
And Iraq will own 51 percent of the joint project, and you get 44 percent of Shell, Mitsubishi and the rest of the five percent of the total gas revenues investor from southern oil fields in the event of the completion of the transaction.
PostDateIcon September 05 / September 2009 15:04
This month in Iraq was to put the final touches on an agreement with Shell to create a partnership with the South Gas Company of Iraq, which is one of 16 state-owned company run by the Ministry of Oil, the task of collection and use of natural gas are burned in the province of Basra. This was announced by the Deputy Minister of Oil Chandler Ahmed.
But he added: "I feel that the political environment is not ready for that now."
"Today, just four months before the elections and major national, where the period will be preceded by a highly sensitive and the result can drastically change in the orientation of the government, not necessarily to be the time to sign such a contract."
The Under Secretary of oil during an interview, "This does not mean that the government, a government, is not ready to move forward on this project. It is willing to see an early agreement and to see an improvement in the early of gas and gas imports"
And Iraq will own 51 percent of the joint project, and you get 44 percent of Shell, Mitsubishi and the rest of the five percent of the total gas revenues investor from southern oil fields in the event of the completion of the transaction.