Oil

Iraq And Shell Sign Agreement On South Iraq Gas

The Ministry of Oil of the Republic of Iraq and a wholly owned affiliate of Royal Dutch Shell plc (‘Shell’) signed a Heads of Agreement that sets the commercial principles to establish an incorporated joint venture (the ‘JV’) between the South Gas Company and Shell for the processing and marketing of all associated natural gas produced in the Governorate of Basra in Southern Iraq, an area covering some 19,000 square kilometers.

Shell’s Powell On Rub’ al-Khali

Members of the Dhahran Geological Society got an update on the South Rub’ al-Khali Co. (SRAK), a joint venture of Saudi Aramco and Royal Dutch Shell from Ceri Powell, now vice president of Strategy for Shell International.