A JV between Shell (RDS.A, RDS.B), Mitsubishi and Iraq's South Gas will double the amount of...

|By:, SA News Editor

A JV between Shell (RDS.A, RDS.B), Mitsubishi and Iraq's South Gas will double the amount of natural gas it processes from the giant Rumaila, Zubair and West Qurna-1 fields in southern Iraq to 500M cf/day by year's end, a top Iraqi official says. The venture is expected to invest ~$1.5B in three years after signing on upgrading existing gas facilities and training of staff.