Middle East Economic Survey


No 27


Iraqi Cabinet Gives Initial Approval Of $17Bn Shell Gas Deal

Iraqs cabinet on 29 June gave its approval for ratification of a Shell-led initiative covering development of 25-30 trillion cu ft of proven associated gas reserves from four of the major oil projects in the countrys southern Basra province. The move comes amid mounting public anger at the lack of electricity, which saw two demonstrators shot dead and the resignation late last month...