Sunday, October 27 2 / November 2011 16:53
BASRA / With: signed and the Iraqi Oil Ministry official said Wednesday an agreement with Shell and South Gas Company and Mitsubishi on the initiative to collect the associated gas in southern Iraq. This agreement adds to the portfolio of Shell in Iraq - Shell is the operating company to develop the Majnoon oil field.
A source familiar with the contract "includes the construction of Basrah Gas Company, consisting of the South Gas Company of the Iraqi government (51%), Shell (44%) and Mitsubishi (5%). As they will be collecting raw gas from the fields of Rumaila, Zubair, West Qurna 1 in southern Iraq. The company will address the common gas and convert it into products of value, and priority will be to the local market in Iraq. " He pointed out that at present "is burning about 700 million standard cubic feet of gas per day in southern Iraq.
Said Hans Naikmb - Vice President and Chief Executive Officer of Shell Iraq: "Shell is a major partner in this initiative, and will bring expertise and how to manage projects for the Gas Company of Basra. And the transfer of gas burned to the benefit of value is an excellent opportunity for Iraq's economy, will reduce emissions of greenhouse gases , "asserting that Shell was" proud to support Iraq's efforts to rebuild its oil industry and gas, and we look forward to the success of this joint venture and the continued partnership with the people of Iraq.
For his part, said Tetsuro Kuwabara, senior vice president of Mitsubishi Corporation, "Mitsubishi practiced business in Iraq for more than 50 years, and we are honored to participate in this joint venture is widespread with the Iraqi Ministry of Oil and Gas Company Aljnoboadhav" Through this project we aim to contribute to support the State We hope to strengthen the relationship between Iraq and Mitsubishi. We have a close alliance and long with Shell for more than 40 years in the global energy sector and we are happy to be a strategic partner in the project business of Shell in Iraq, "including the development of the Majnoon field, and the establishment of Basrah Gas Company and licenses technology to refineries, refining, aims to support Iraq in rebuild its oil sector and the gas through the revenue that will contribute to the development and prosperity of Iraq. finished
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