Shell Examines Possible Oilfield Projects in Iraq, CEO Says

By Edward Gismatullin

Nov. 24 (Bloomberg) -- Royal Dutch Shell Plc, Europe’s largest oil company, is examining possible oilfield projects in Iraq, Chief Executive Officer Jeroen van der Veer said today.

“We have the right technologies to have successful projects there,” he told reporters today at a conference in London. “We are quite excited.”

Shell’s CEO said the company plans to invest “north of” $1 billion on gas projects in Iraq.

In September, Shell signed a gas-capturing and marketing agreement with Iraq, in which the company has a 49 percent stake and the Iraqi South Gas Co. 51 percent.

To contact the reporter on this story: Eduard Gismatullin in London at