Shell Ready to Start $12.5 Billion Iraq Natural-Gas Project
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Royal Dutch Shell Plc and partner Mitsubishi Corp. are preparing to begin a delayed $12.5 billion natural-gas project in Iraq, said Hans Nijkamp, vice president and country chairman.
“Shell and Mitsubishi are now ready for execution of the project,” he said in an interview published on the website of Energy Exchange, organizer of an Iraqi energy conference to be held in Istanbul in September. “We are working with our Iraq partners to reach final agreements as soon as possible.”