Iraq has signed a multi-billion dollar deal with oil and gas giant Royal Dutch Shell, giving the company access to its natural gas reserves. The deal is the second between the government and a foreign firm since the US-led invasion of Iraq in 2003.
Al Jazeera’s Nicole Johnston reports that under the terms of the deal, Iraq will have 51 per cent in the venture based in Basra and Shell 49 per cent.
AlJazeera English TV Report – 23 September 23 2008
UPDATE: Since this video was made Shell have confirmed that the contract does not include a production sharing agreement.
