Joint natural gas project signed

BASRA / IraqiNews.com: Oil Dutch Shell company signed with the Iraqi Oil Ministry a contract to establish Basra Gas Company, media sources at the company announced here today.   Basra Gas Company is comprising of the Southern Oil Company and Dutch Shell and Japanese Mitsubishi.   The source told IraqiNews.com that the joint company will treat the extracted gas.   Iraq burns now 700 million cubic feet of gas daily.   The established company shall be divided 51% for the Iraqi government, 44% for Dutch Shell and 5% for Japanese Mitsubishi.   208