Bloomberg News

Shell Says Speeding Up Work on Using Flared Iraqi Natural Gas

April 17, 2012

Royal Dutch Shell Plc (RDSA) said it’s speeding up work on a project to capture natural gas from oilfields in southern Iraq and that it has signed an initial agreement to develop a petrochemical plant based on ethane.

“All hands on deck to catch up with time lost” after more than a year of negotiations to sign the $17 billion gas-capture agreement ended in November, Mounir Bouaziz, Shell’s Middle East vice president for new business, said today at a conference in Istanbul.

Iraq is now flaring gas produced in association with crude oil because it lacks the infrastructure to use it as fuel for electricity plants or feedstock for the petrochemical industry.

To contact the reporter on this story: Ercan Ersoy in Istanbul at eersoy@bloomberg.net;

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net


Race, Class, and the Future of Ferguson
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus