Big oil is still waiting on the Oil and Petroleum Law in Iraq to be voted on by Iraq’s Parliament. I am thinking late May or early June when it will pass. Dutch Shell is looking to partner with a Turkish company.
The state-run Turkish Petroleum Corporation (TPAO) and a multinational oil company of Anglo Dutch origin have struck a deal to extract gas in northern Iraq, though the agreement still needs to be ratified by the central Iraqi government in Baghdad.
Royal Dutch Shell PLC is expected to work in partnership with TPAO to build a pipeline from disputed city of Kirkuk to Ceyhan on the Mediterranean coast of Turkey, a UK daily said in its report published on Friday, emphasizing that the deal paves the way for Shell’s return to Iraq after 35 years.