Shell's Iraq Gains, Risks

Summary
The ever-contentious deal Royal Dutch Shell initially struck in 2008 to gather and market some 700 million cubic feet per day of associated gas from southern Iraqi oil fields that was then being flared, as well as any incremental associated or nonassociated gas from that region, has ballooned in size, cost and controversy since last year's award of oil field contracts to international companies. The deal could produce 5 Bcf/d or more of gas, much of it for export -- or it could fall apart.

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