Shell said it intends "to establish a material and enduring presence in Iraq" in an attempt to rebuild the firm's depleted reserves and foster the long term future of the country's energy sector.
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Shell Welcomes The Opportunity to Help Iraq
The prospects in Iraq will help the company to rebuild depleted oil reserves
The Royal Dutch/Shell oil group affirms that prospects in Iraq will help the company to rebuild depleted oil reserves.
Shell is under significant pressure from shareholders to boost oil reserves and after exit of the company?s CEO.
Shell said it intends "to establish a material and enduring presence in Iraq" in an attempt to rebuild the firm's depleted reserves and foster the long term future of the country's energy sector.
"We would welcome the opportunity to help Iraq build its energy industry, once the security situation allows and an internationally recognized Iraq government is established," a Shell spokesman said. "We are interested in building a long term relationship with Iraqis."
Shell said it intends "to establish a material and enduring presence in Iraq" in an attempt to rebuild the firm's depleted reserves and foster the long term future of the country's energy sector.
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