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You are here News Energy Shell secures 25-year access to Iraq's oil, gas

Shell secures 25-year access to Iraq's oil, gas

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A joint venture between Royal Dutch Shell and Iraq's state-owned South Gas Co. could give Shell a 25-year monopoly on production and exports of natural gas in much of southern Iraq - the biggest foreign role in Iraq's oil and gas sector in four decades.

The planned venture, spelled out in a 16-page document obtained by United Press International, goes well beyond descriptions provided by Iraqi and Shell officials on Sept. 22, when they held a public signing ceremony in Baghdad.

TVNL Comment: Saddam used the oil money to privide education and health care to the Iraqi people. You are wittnessing the theft of the people by the oil/war cartel.

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