$17bn Basrah Gas Project Reaches Operational Phase

Sat, 01 Jun 2013 02:13:03 CDT Iraq: The $17bn Basrah Gas Project, the world's largest gas flares reduction project and a first-in-country public-private-partnership of this scale (to date) , has reached operational phase. Vinson and Elkins LLP (V&E) and Cleary Gottlieb Steen and Hamilton LLP are acting as joint counsel to the Ministry of Oil of the Republic of Iraq in connection with the Project, a 25-year joint venture between South Gas Company (a Ministry of Oil affiliate) and affiliates of Royal Dutch Shell PLC and Mitsubishi Corporation