Middle East Economic Survey

VOL. LI

No 44

03-Nov-2008

IRAQ

Pressure Mounts On Shell Iraq Gas Deal

Opposition to Shells Heads of Agreement (HOA) to develop gas in southern Iraq is spreading fast, with a growing chorus of MPs, local Basra politicians, and trade unions, adding their voices to criticism from oil companies with rival projects.

The central objection to the landmark deal, a 49/51 joint venture between Shell and state-owned South Gas Company, is that a lack of competition and transparency...