Jul 11 2009 |
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Soon: Iraqi-foreign gas firm to see light of day
The Iraqi Oil Ministry will soon reach an agreement with the giant companies of Shell and Mitsubishi to form an Iraqi-foreign firm to invest in the natural gas that comes along with the excavated crude oil in southern Iraq, the Ministry 's spokesperson said on Saturday."As a first step, the investment will embrace around 700 million standard cubic meters of natural gas," Assim Jihad told Aswat al-Iraq news agency.
Currently, Iraq consumes its natural gas by burning it.
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