Iraq, Royal Dutch Shell to ink gas deal

BAGHDAD (AP)

A joint venture with the state-run Iraqi South Oil Co. will then be established to invest in natural gas in the southern oil-rich province of Basra, the spokesman Assem Jihad said.

Iraq will control 51 percent of the venture, while Shell will hold the remaining 49 percent in the company, which will exploit flared associated gas for domestic use and exports.