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Gas

A US$12.5 billion agreement between Iraq, Royal Dutch Shell and Mitsubishi Corp. for the capture of flared-off natural gas in Iraqs oil fields in the south will hopefully be signed in January 2011.

Abu Dhabi Gas Industries (Gasco), which is a subsidiary of Abu Dhabi National Oil Co (Adnoc), awarded two contracts valued at US$1.2 billion to the Italian unit of French oilfield firm Technip and Dodsal India.

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