Iraq expects to sign Shell gas deal within a month

BAGHDAD, Sept 8 (Reuters) – Iraq expects to sign a natural gas deal with Royal Dutch Shell (RDSa.L: Quote, Profile, Research, Stock Buzz) within a month, the Oil Ministry said on Monday.

Iraq’s cabinet on Sunday approved a preliminary deal between the energy giant and the state-run South Oil Company that covers the venture in southern Basra province.

That followed a proposal by Shell to develop Iraq’s natural gas resources, pumping some gas to local markets and exporting the rest via its southern ports, announced earlier this year.

Reuters