Iraqi Oil Minister Hussain al-Shahristani confirmed the proposal was received last week and said a response would be sent to the supermajor soon following a review in Baghdad.
"It's a multi-billion projecta huge project," he said.
Shell has made "various proposals" to the Iraqis "to either develop their oilfields or to set up gas projects both for domestic gas supplies and exports", Shell chief executive Jereon van der Veer said.
Shahristani
