Shell is preparing to end a century of oil production in Iraq

Shell is preparing to end a century of oil production in Iraq

Posted, 2017/9/14 18:24

Shell is preparing to end a century of oil production in Iraq[Oan- follow – up] A
spokesman for Royal Dutch Shell said on Wednesday that the company engaged in the process of selling its stake of 20 percent in the West Qurna -1 oil province of Basra.
The move comes at a time when the Anglo-Dutch company said it had handed over operations in the Majnoon oil project to the Iraqi government.
The field is one of the largest in Iraq, a member of the Organization of the Petroleum Exporting Countries [OPEC].
A spokesman for the company that Shell’s stake in West Qurna field, run by ExxonMobil, is subject to sale at the moment.

alliraqnews.com