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Iraq signs $17 BILLION deal with Royal Dutch Shell, and Japan's Mitsubishi, for Natural gas
Iraq on Sunday signed a multibillion-dollar deal with Royal Dutch Shell PLC and Japan’s Mitsubishi Corp. to tap natural gas in the south, one of the biggest agreements by the OPEC member to develop an energy sector battered by years of neglect and war.

The $17 billion deal forms a joint venture to gather, process and market gas from three oil fields in the oil-rich province of Basra. That gas, pumped in conjunction with crude oil, is currently burned off — or flared — due to lack of infrastructure.

The 25-year joint venture is called Basra Gas Company. Iraq will hold a 51 percent stake, to Royal Dutch Shell’s 44 percent and Mitsubishi’s 5 percent shares. The gas will be used mainly for domestic energy needs, but there is also an option for exports.

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Shell CEO Peter Voser told reporters that Iraq is now a “…substantial part of Royal Dutch Shell’s portfolio in the Middle East.”

Read more: http://www.salon.com/2011/11/27/iraq_signs_gas_deal_wit... /
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nnuut said:
Damaging to the ECO System?:nuts:
No drilling allowed in the National Petrolium Reserve?:confused:
Energy in America: No Bridge to National Oil
Feds deny permits to build roads, bridges for Alaska drilling.
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What else is new?

shot-foot_94b19.jpg
 
nnuut said:
Damaging to the ECO System?:nuts:
No drilling allowed in the National Petrolium Reserve?:confused:
VIDEO:
Featured Videos
Energy in America: No Bridge to National Oil

Nov 28, 2011
- 2:49 -
Feds deny permits to build roads, bridges for Alaska drilling.
http://video.foxnews.com/v/12995003...ational-oil/?cmpid=NL_FNTopHeadlines_20111128
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Here--- I'd like you to meet Col. Reinhard Koenig, the Army Corps of Engineers decision maker who is responsible for development of that area of Alaska. Hear what her had to say about Alaska's oil development.

http://vimeo.com/6633010

The part about his role and regulatory responsibilty begins about 20 minutes into this speech. Note- as head of the Army Corps of Engineers there- he previously approved and asked Conneco Oil Company to build a pipeline under the river, rather than a bridge over it.
 
James48843 said:
Here--- I'd like you to meet Col. Reinhard Koenig, the Army Corps of Engineers decision maker who is responsible for development of that area of Alaska. Hear what her had to say about Alaska's oil development.

http://vimeo.com/6633010

The part about his role and regulatory responsibilty begins about 20 minutes into this speech. Note- as head of the Army Corps of Engineers there- he previously approved and asked Conneco Oil Company to build a pipeline under the river, rather than a bridge over it.
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September 17 RDC Breakfast Featuring Col. Reinhard Koenig
by Resource Development Council
2 years ago2 years ago: Thu, Sep 17, 2009 6:31pm EST (Eastern Standard Time)
Video is 2 year old, nothing has happened between then and now?:confused: That may be the problem.:suspicious:
 
nnuut said:
September 17 RDC Breakfast Featuring Col. Reinhard Koenig
by Resource Development Council
2 years ago2 years ago: Thu, Sep 17, 2009 6:31pm EST (Eastern Standard Time)
Video is 2 year old, nothing has happened between then and now?:confused: That may be the problem.:suspicious:
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If you watched the video- he says his team approved 2,500 permits per year.

Your FOX news story doesn't mention that they approved a permit to build a pipeline to the location, and fails to mention that they approve 2,500 permits a year.
 
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